Import Prices Of Commodities Surged &Nbsp; The Price Of New Cocoons Of Crude Oil Was High.

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Refined oil prices stabilized in March

According to statistics, the price of iron ore ore used for steelmaking is 1% higher than that of the previous period (the price range is March 5th -20 days) during the current period (the price range is 5 -4 March 20th).

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The prices of refined oil, coal and steel remained stable.

Among them, the price of gasoline and diesel rose 24.4 yuan and 3.8 yuan per ton, or 0.3% and 0.1% respectively.

Iron ore imports rose nearly 60%.

According to customs data released recently, although the increase in capital reserves increased the volume of metal shipments, China's commodity import prices surged in March, inhibiting the trade interest of some commodities.

In the first three months of this year, imports of commodities almost surged. The average price of iron ore imports rose by 59.5% to 157 US dollars per ton. The average import price of soybeans rose 25.7% to 574 US dollars per ton, but imports fell 12% over the same period last year.

The pace of imports of iron ore may accelerate in April, due to the impact of the Japanese earthquake, spot prices fell three weeks from the end of 2 to 17%.

Gao Yanrong, a mainland Futures Research Manager, said inflation fears may continue to affect the market, though supply will remain tight.

Analysts warn that high oil prices, domestic price controls and overproduction, at least in the steel sector, are also likely to curb overall commodity demand in the coming months.

Cocoon price is high.

The first spring cocoon purchase price in Qiongzhong County, Hainan, which has just been listed, is as high as 35 yuan / kg, almost doubled compared to the price of 18 yuan in 2009.

The industry widely believes that this figure will rise and remain at around 40 yuan.

Experts say that the high price of silkworm cocoons will cause pressure on China's silk weaving enterprises to increase, or they will face a new reshuffle.

The reason for its high price is that the Guangxi silkworm Technology Extension Station Office Deputy Director, Le Po Ling, revealed that the Guangxi Zhuang Autonomous Region, the largest producer of silkworm cocoons, suffered from the "late spring cold" weather. The slow growth of local mulberry trees delayed the listing time of spring cocoons, and the output also decreased.

In addition, the general price increases of agricultural products and labor force also pushed up the cocoon price.