During the first trading day of the new year, shares in Tokyo (fall in the Nikkei index by 3.06%) and Shanghai (fall of Composite index by 6.86%) recorded a significant decline, as sentiment was hit by weak China PMI secondary production. According to official data for December, secondary production in China declined for the fifth consecutive month, and although the service sector fared little better, it is very likely that in the next update of annual data, China will reveal the lowest annual growth rate of the last 25 years. (source naftemporiki).
Following recent developments of the year 2015 the price ended 1466 $ t.
At the beginning of the year 2016, the marketing of indicator react to a controversial concern both the index and so and investors.
The main reason was the fear of global power collapse, the aim is that such a course would come to an end. Even today the concern is not exceeded. Fears exist for an unaccommodating which can hurt the Chinese industry, but why be reduced and results of industrial producers based in other countries.
After passing the first months of the year the general trend of showing unruly reactions but close to rises. Point which ended with positive performance in 2016. If you count the year we left us will note from our side a solid performance in the first quarter of 2017 the price start from $ 1690 to 1720 $ t.
