December 2012 Hardware Continued Rally

In recent days, the hardware market has shown a strong upward trend, driven by rising raw material costs. As a result, many small commodity prices have fluctuated, with hardware products continuing to gain momentum. This shift is particularly noticeable in local markets, where consumers are increasingly turning to hardware goods for both practical and decorative purposes. Many hardware stores and tool suppliers have reported price increases across various product lines. Some items have gone up by just a few cents, while others have seen more significant jumps, sometimes by several dollars. According to recent data, 15 key categories of small commodities have experienced mixed performance, but hardware remains one of the strongest performers. Looking at the broader picture, electrical and electronic products saw a rise of 2.07 points last week, reaching 104.89—its highest level in some time. Hardware and electrical materials also continued their upward movement, climbing 1.62 points to 101.63. Meanwhile, watch glasses, which had been falling for two weeks, dropped 1.62 points to 98.49, dipping below the 100-point threshold. On the other hand, toys, jewelry, and textiles saw slight rebounds, while accessories, packaging, and sports equipment faced minor declines. In the 97 secondary categories, locks, general equipment, and rain gear led the gains, rising by 7.02, 6.74, and 5.6 points respectively. Conversely, measurement tools, office supplies, and educational toys were among the biggest losers, dropping 3.99, 2.53, and 2.25 points. The price of hardware cars has also increased, with manufacturers citing higher production costs as the main reason. New products like scooters and swing cars are becoming more popular, and foreign buyers are showing more interest. Folding bikes, leisure bikes, mountain bikes, and suspension cars are in high demand. Shopping carts and flatbed carts are selling well locally, and electric scooters have seen a notable price hike. Merchants are currently adopting a wait-and-see approach, hoping for further price increases in the coming weeks. On the domestic front, decorative hardware is performing well, especially locks. Ordinary deadbolts, mortise locks, and bicycle chain locks are selling steadily, while mid-to-high-end options like handle locks, anti-theft locks, and magnetic card locks are being sold from existing stock. On the export side, glass door locks and rolling door locks remain in demand, primarily from returning customers. With the year drawing to a close, there's a small wave of home renovations, including new doors, windows, and bathrooms, all of which are boosting demand for decorative hardware. Locks, in particular, are showing strong momentum and are expected to continue their upward trend in the near future.

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