Factory prices of chemical raw materials and products edged up 0.7% month-on-month in May

China Coatings Network
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June 9, the National Bureau of Statistics released data show that in May 2015, the country's industrial manufacturers factory prices fell 0.1% month-on-month, down 4.6% year-on-year. Purchase prices for industrial performers were flat month-on-month, down 5.5% year-on-year. Among them, the price of chemical raw materials increased by 0.4% month-on-month, down 4.8% year-on-year; Factory prices in the chemical raw materials and chemicals manufacturing industry rose 0.7% month-on-month, down 5.1% year-on-year. From January to May, factory prices of industrial performers fell by 4.6% year-on-year, while purchase prices of industrial workers fell by 5.5% year-on-year. Chemical raw materials prices fell 5.6% YoY, while chemical raw materials and chemicals manufacturing fell 6.3% YoY. Factory prices for industrial performers fell 0.1% month-on-month in May, a 0.2 percentage point decline from the previous month. The main reason is that oil processing prices rose from a decline of 1.5% month-on-month to a 3.6% increase this month; Second, price increases in some industrial sectors expanded, with ex-factory prices of oil and gas, non-ferrous metal smelting and extension processing, chemical raw materials and chemicals rising by 4.4%, 1.1% and 0.7% month-on-month, respectively, up 3.2, 0.6 and 0.2 percentage points from the previous month. Factory prices for industrial performers fell 4.6 per cent year-on-year in May, the same year-on-year decline as the previous month. By industry, oil and gas extraction, oil processing, ferrous metal smelting and extension processing, coal mining and washing plant prices decreased by 36.1%, 18.6%, 15.7% and 14.0% year-on-year, respectively, affecting the total factory prices of industrial producers this month by about 2.9 percentage points year-on-year. In May, the purchase price of industrial industrialists, ferrous materials prices fell 11.4% YoY, down 0.6% YoY; Fuel power prices decreased by 10.9% YoY and 0.2% YoY; Chemical raw materials prices fell 4.8% year-on-year and 0.4% month-on-month.