According to the monitoring report released by the Ministry of Commerce (MOC), last week (from November 2 to 8), in 36 large and medium-sized cities across China, the prices of edible agricultural products picked up slightly and the prices of capital goods in circulation continued to decline.
Last week, the prices of edible oils declined slightly, with the prices of rapeseed oil and peanut oil down by 0.2% and 0.1% respectively and the price of soybean oil unchanged from the last week. The meat prices went down generally, with the pork price down by 0.7%, the mutton price down by 0.1% and the beef price basically at the same level. The prices of poultry and egg continued to drop, with the prices of egg and stripped chicken down by 1.2% and 0.3% respectively.
Last week, the steel prices went down by 0.4%, with the prices of galvanized sheet and hot rolled common sheet down by 1.1% and 0.9% respectively. The coal prices were stable with small drops, with the price of coking coal down by 0.2% and the prices of steam coal and blind coal remaining the same.
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