PRICES of wire nails have decreased by as much as P6 per kilo based on the monitoring of the Trade department in the various hardware stores in Davao City.
The monitoring report issued by the Department of Trade and Industry (DTI) in Davao City showed that 50-millimeter nails or two inches long were sold the previous week at a price of P50 per kilo, while the 100-millimeter of four inches long nails were sold at P46 per kilo.
"Right now, the two-inch wire nails are sold at a prevailing price of P44 per kilo while the four-inch nails are sold at P41 per kilo," Teololu Pasawa, DTI city director, told Sun.Star in an interview.
Steel wires of the gauge 16 variety were monitored to be sold P4 lower this week, at P51, compared to its prevailing price a week ago which was pegged at P55.
"The gauge 18 variety of steel wire has a prevailing price of P65, more than P5 as compared to its price a week ago at P60," DTI said.
Other construction materials have remained unchanged for the past three months, except for cement, which has increased this week by P10 due to the increase in the price of inputs, according to cement manufacturer Holcim.
Based on the monitoring report of the trade department for the week of January 11 to 15, Holcim brand of cement was being sold at a prevailing price of P212, P10 higher compared to the P202 prevailing price of the same brand exactly a week before.
The monitoring report also showed that the price of the cement brand has not moved since three months ago. Compared to its prevailing price in the market a year ago, only a P2 difference has been recorded as it was being sold at P201.