Domestic corporate goods prices, a measure of wholesale and producer prices, have also stabilised in recent months largely due to the run -
up in global commodity prices.
The
fall in global commodity prices has also hurt the company: Cheaper oil, for one, means that offshore drillers have less need for General Cable's heavy - duty products.
But no sooner had China's industrial base started to show some positive effects from the
pickup in global commodity prices — which has allowed its factories to push through some price increases after many years of producer price deflation — than several of the industrial materials most reliant on Chinese demand started to come under pressure during April.
Export prices in SDR terms have risen sharply over the past two years, buoyed by the steep
rise in global commodity prices, while import prices have remained broadly flat, reflecting competitive pressures in global manufacturing.
Domestic corporate goods prices rose by 1.9 per cent over the year to December — the fastest pace of growth since the early 1990s — largely reflecting the run -
up in global commodity prices.
By some estimates, demand from China is behind half the rise
in global commodity prices, such as copper, oil, nickel, iron ore, coal and potash — all resources hauled from the Canadian landscape.