Yiwu index released hardware products affected by steel prices are now falling

The "Yiwu Index" Office recently released the "176th Weekly Price Index Aspects", showing that the small commodity price index rose slightly last week. Among them, the price index of auxiliary materials rose strongly by 3.66 points in the previous week, indicating that the impact of rising crude oil prices on raw material prices has gradually emerged. However, due to factors such as falling steel prices, the price index of hardware products reappeared last week. As the temperature rises, summer products will usher in hot sales and support the market.

Weekly price index rose by 0.25 points
The Commodity Price Index rebounded last week, rising 0.25 points to 101.57 points. Among the four sub-indices included, the export transaction price index and the intra-market direct trading price index fell by 0.02 points and 0.59 points respectively, and the on-floor order transaction price index rose slightly by 0.73 points, effectively pulling up the total index.

Among the 15 categories of small commodities, the ratio of rise and fall is "7:8", which is basically the same. 7 major categories such as accessories and packaging, luggage, and jewellery rose, with the largest increase of 3.59 points; eight major categories, such as watches, glasses, handicrafts, hardware and electrical materials, fell to varying degrees, with the largest decline of 2.46. point. Among them, the auxiliary materials and packaging category rebounded slightly last week, last week, a strong rise of 3.59 points to 111.56 points, the biggest increase in a single week; luggage also rose from 99.36 points to 100.12 points; after four weeks of rising, watches and clocks last week Falling from 2.46 points to 101.8 points, the biggest decline in a single week; the crafts category fell after falling for two consecutive weeks, falling to 99.88 points.

Among the 97 secondary categories, the increase rate was 35%, the decline rate was 31%, and the flat ratio was 34%. Electronic digital products and accessories, accessories, and building decoration hardware ranked the top three in the list, rising 5.23 points, 3.66 points and 3.08 points respectively; watch accessories, packaging, art and crafts ranked the top three in the decline list, respectively It fell 7.83 points, 6.87 points and 3.09 points.

Index interpretation
Excipient price index rose again
Starting from the end of March, the price index of excipients started from 102.75 points and went up for five consecutive weeks until it fell slightly by 0.65 points on May 3. But last week, this small commodity price index rose 3.66 points to 111.62 points.

“The prices of excipients have risen and fallen, not very stable.” Mr. Ye, the merchant of the three districts of Yiwu International Trade City, said that as the weather turns hot, summer products such as skirts are welcoming the sales season, and the purchase of accessories such as laces is also small. rise.

In terms of market performance, the monitoring of the management department showed that the foreign trade market in the auxiliary materials industry has rebounded in the near future, and the on-site inquiry orders have increased. In terms of foreign trade, sales of resin zippers, metal zippers, plastic buttons, pin buckles, and beaded flowers are prominent, and demand from merchants in the Middle East, Europe and the United States has increased; sales of gas eyes, rivets, plastic needles and some luggage accessories are heating up, and the market is optimistic; In the domestic trade, resin buttons, denim buckles, and invisible zippers have become the main products of the recent market; sales of code, plastic sliders, hot stamping, heat transfer, and tag are heating up, and purchases are heavy.

Price increases are one of the themes of many recent small commodities. However, according to the merchants, the prices of hardware products have shown signs of stabilization. The main reason is that steel prices have fallen in the past two weeks, and some small and medium steel mills have lowered their ex-factory prices. Last week, the price index on hardware and electrical materials fell from 101.78 points to 100.74 points, and the price index on locks fell from 102.48 points to 100.87 points.

Business opportunity forecast
Summer products will usher in hot sales
Although there are heavy rains in many parts of the country during the past two days, summer has quietly arrived.

According to the monitoring of the market management department, as the weather turns hot, the summer neck jewelry market is heating up. In terms of domestic sales, sales of jade, pearls and crystals are hot. In terms of export, the purchase volume of neck jewelry exports has risen steadily, and orders for alloy necklaces, acrylic sweater chains, and sets of chains have increased; the perfume industry has gradually warmed up. The fragrance of women's perfumes is outstanding, and fresh fruit and fruit fragrance products such as citrus and lemon are popular in domestic and foreign markets. The sales volume of men's fragrances is steadily increasing, and the domestic market is expanding vigorously; the purchase orders of incense essential oils and melon-flavored car perfumes are steadily increasing, and the customers in the surrounding areas are ordering frequently; the purchase of detergents begins in the summer, and the sales of soaps, detergents and other products are heating up. .

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