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Chinese Domestic Steel Price Start Weakening after Christmas

Resource from:  CBCC Likes:2962
Dec 29,2010
Steel prices in domestic market in China have started to show first signs of weakening after Christmas opening, following relentless climb for 60 days since October 27th 2010. During October 27th 2010 and December 23rd 2010 the Chinese Long Product Price Index CLPPI had surged by 509 points or 7.4% whereas the Chinese Flat Products Index CFPPI gained 367 points or 5.3%. The overall price index CHISPI increased by 428 points or 6.2%. But CLPPI went down by 7 points on December 27th 2010 whereas CFPPI went down by 6 points and overall price index CHISPI went down by 7 points. CLPPI - Chinese Long Product Price Index CFPPI - Chinese Flat Product Price Index CHISPI - Chinese Steel Price Index Long Products PI- Product Index Flat Products To know more about these indices please visit http://steelprices-china.com/spi_services/spi.html
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