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Due to the use of materials such as alloy copper in many products, their prices have also risen accordingly. The non-ferrous metal related industries mainly include power grid (wires and cables, power supply), white goods (air conditioners, refrigerators, washing machines, etc.), transportation (ships, cars, etc.), electronic products, construction (communication cables, residential electrical wiring, etc.), and others (mechanical engineering, metallurgical equipment, alloy additives, etc.) in five categories. In July, due to the rise in factory prices of non-ferrous metal products such as copper, the factory price of split-type room air conditioners in the white goods industry rose by 0.6% month-on-month. The prices of five types of power grid products increased by between 0.3% and 1.4%.
Copper price increases lead to appliance price hikes.
The increase in the prices of non-ferrous metal industry products has expanded.
Report by our correspondent Yang Qun: Yesterday, the Shanghai Investigation Team of the National Bureau of Statistics announced data showing that in July, the ex-factory and purchase prices of non-ferrous metal products in the city rose by 1% and 2.3% respectively compared to the previous month, with both increases expanding compared to June. The proportion of non-ferrous metal products with rising ex-factory prices reached sixty percent.
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