Producers' Price Index For Manufactured Goods Increases

In July, the Producers’ Price Index for manufactured goods was up by 2.4 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 3.6 percent.

The National Bureau of Statistics of China reports that PPI for means of production increased 2.2 percent over last July. Of the total, PPIs for mining and quarrying industry decreased 0.1 percent; that for raw materials industry and manufacturing industry correspondingly up by 4.3 and 1.4 percent; that for means of consumer goods grew 3.1 percent. Of which, price for foodstuff increased 7.8 percent; that of clothing and commodities rose 1.0 and 1.8 percent respectively, while that for durable consumer goods dropped 1.1 percent.

In terms of different categories: PPI for crude oil decreased 5.1 percent year-on-year. The prices for oil products, such as kerosene and diesel surging 0.2 and 0.5 percent, while gasoline declining 5.1 percent.

PPI for polystyrene grew 7.8 percent compared with the same month a year ago; that of latex down by 3.6 percent; and that of terylene rose by 0.4 percent, year on year.

PPI for mining and washing of coal industry was up by 3.6 percent from last July. Of which, PPI for crude coal increased 3.3 percent.

PPI for smelting and pressing of ferrous metals grew 5.4 percent from the same month last year. Of which, PPIs for ordinary large rolled-steels, medium rolled-steels, small rolled-steels, wire rod and heavy steel plate correspondingly increased 4.9, 6.3, 10.6, 2.9, and 5.8 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 12.6 percent. Of the total, the increase of copper, aluminum, lead and zinc were within the range of 3.3 to 54.9 percent.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, ferrous metals, nonferrous metal materials and chemical materials increased 2.1, 5.0, 7.5 and 3.5 percent, year-on-year.