Ex-factory prices of chemical raw materials and products fell by 7.6% year-on-year in August

The National Bureau of Statistics today released the national PPI (Ex-factory Price Index of Industrial Producers) data for August 2020.
In August, industrial production continued to improve, market demand continued to recover, and the prices of international bulk commodities such as crude oil, iron ore and non-ferrous metals continued to rise, driving domestic industrial product prices to continue to rise.
Data show that in August, the national factory prices for industrial producers fell by 2.
0% year-on-year and rose 0.
3% month-on-month; the purchasing prices of industrial producers fell 2.
5% year-on-year and rose 0.
6% month-on-month.
From a month-on-month comparison, among the 40 major industrial sectors, 17 had price increases, a decrease of 4 from the previous month; a decrease of 18, an increase of 3; and a flat of 5, an increase of 1.
Affected by the changes in international crude oil prices, the price increase of oil-related industries has slowed down.
Among them, the price of oil and natural gas extraction industry increased by 3.
6%, and the price of petroleum, coal and other fuel processing industries increased by 1.
2%, and the increase rate dropped by 8.
4 and 2.
2 respectively.
percentage point.
Among other major industries, the chemical raw materials and chemical products manufacturing industry fell 0.
2%, the chemical fiber manufacturing industry fell 1.
2%, and the rubber and plastic products industry fell 0.
2%.
From a year-on-year perspective, among the main industries, the oil and natural gas extraction industry had a narrower price decline, which fell by 25.
2%, a decrease of 2.
6 percentage points; the petroleum, coal and other fuel processing industries, fell 16.
7%, and a decrease of 0.
3 percentage points.
The price decline expanded by coal mining and washing industries, which fell by 8.
0%, an increase of 0.
6%; the chemical raw materials and chemical products manufacturing industry, fell by 7.
6%, and increased by 0.
1%.
Among the purchase prices of industrial producers, the price of fuel and power dropped by 9.
8% year-on-year and increased by 0.
4% month-on-month; the price of chemical raw materials dropped by 8.
4% year-on-year, and remained unchanged from the previous month.
On average from January to August, the ex-factory prices for industrial producers fell by 2.
0% over the same period last year, and the purchasing prices for industrial producers fell by 2.
7%.
Among them, the ex-factory prices of chemical raw materials and chemical products manufacturing fell by 6.
8%, the chemical fiber manufacturing industry fell by 14.
2%, and the rubber and plastic products industry fell by 1.
9%.