Manufacturing prices of chemical raw materials and products fell 2.5% year-on-year in May

The National Bureau of Statistics released data on May 2019 on the National PPI (Factory Price Index for Industrial Producers) on June 12, 2019, showing that factory prices of industrial producers rose 0.6% in May from a year earlier, up 0.2% month-on-monthAmong them, the prices of chemical raw materials and chemicals manufacturing fell by 2.5% YoY and by 0.2% YoYmonth-on-month,ppi rose 0.2 percent in May, down 0.1 percentage pointfrom from the previous monthAmong them, the price of means of production rose by 0.2%, down 0.2 percentage points from the previous month, while the price of means of living rose by 0.1%, down 0.1 percentage pointsLooking at the 40 industrial sectors surveyed, prices rose by 21, seven fewer than the previous month, 11 fell, an increase of 3; and eight were flat, up fourIn the major sectors, oil-related industries were affected by changes in international crude oil prices, with oil and gas extraction up 4.2 per cent, or 0.6 percentage points, and oil, coal and other fuels processing industries up 1.8 per cent, or 0.5 percentage pointsAmong the gains was the ferrous metal smelting and rolling processing industry, up 0.8 per cent, or 1.3 percentage points, while the instrumentation manufacturing industry rose 0.1 per cent, or 0.2 percentage pointsChemical fiber manufacturing, which was up and down, fell 1.3%, while the chemical raw materials and chemicals manufacturing industry fell 0.2%In addition, coal mining and washing prices rose 0.7 per cent from lower to higheryear-on-year, the PPI rose 0.6 percent in May, down 0.3 percentage points from the previous monthAmong them, the price of means of production rose 0.6%, down 0.3 percentage points from the previous month, while the price of means of living rose 0.9%, the same as the previous monthAmong the major sectors, the oil and gas extraction sector fell 6.7 percent, down 3.4 percentage points from the previous month, the non-metallic mineral products industry, up 3.1 percent, down 0.6 percentage points, the oil, coal and other fuel processing industry, up 2.3 percent, down 1.9 percentage points, and the ferrous metal smelting and rolling processing industry, up 1.9 percent, down 0.5 percentage pointsThe decline was expanded by the chemical raw materials and chemicals manufacturing industry, down 2.5 per cent, or 0.6 percentage points, non-ferrous metal smelting and rolling processing, by 1.0 per cent, an increase of 0.6 percentage points, and the automobile manufacturing sector by 0.7 per cent, or 0.2 percentage pointsIn addition, the price of coal mining and washing rose 3.8 percent, an increase of 1.9 percentage points from the previous monthIt is estimated that in May's 0.6% year-on-year increase, last year's price changes tailed the impact of about 0.6 percentage points, the impact of the new price increase is about 0 industrial producers bought prices rose 0.2% year-on-year, flat month-on-month Among them, fuel power prices rose 1.4% YoY and 0.5% YoY, while chemical raw materials prices fell 3.5% YoY and 0.5% YoY