Prices of chemical raw materials and products fell 4.4% year-on-year and 0.4% month-on-month in October

Data released by the National Bureau of Statistics on November 9 showed that in October, the demand of some industries increased, and the national PPI rose slightly month-on-month, but due to the high comparison base of the same period last year, it turned from rising to falling
year-on-year.

In October 2022, the ex-factory price of industrial producers nationwide decreased by 1.
3% year-on-year and increased by 0.
2% month-on-month; Industrial producer purchase prices rose 0.
3% year-on-year and 0.
3%
month-on-month.
Among them, the ex-factory prices of chemical raw materials and chemical products manufacturing decreased by 4.
4% year-on-year and increased by 0.
4% month-on-month; Purchase prices of chemical raw materials decreased by 2.
8% year-on-year and 0.
1%
month-on-month.

From a month-on-month perspective, PPI turned up 0.
2% from a decrease of 0.
1%
in the previous month.
The price of means of production increased by 0.
1% from a decrease of 0.
2%; The price of living materials rose by 0.
5%, an increase of 0.
4 percentage points
.
Prices in oil-related industries continued to decline, with oil and gas extraction prices falling by 2.
2%, chemical fiber manufacturing prices falling by 0.
7%, and petroleum, coal and other fuel processing industry prices falling by 0.
6%.

Demand for coal storage increased in winter, and the price of coal mining and washing industry rose by 3.
0%, an increase of 2.
5 percentage points
.
Affected by the rise in cement prices, the price of non-metallic mineral products turned from a decrease of 0.
4% to an increase of 0.
6%.

In addition, the price of ferrous metal smelting and rolling processing industry fell by 0.
4%, a decrease of 1.
3 percentage points; the price of agricultural and sideline food processing industry rose by 1.
4%, and the price of computer communication and other electronic equipment manufacturing increased by 0.
9%, both of which expanded
.

From a year-on-year perspective, PPI decreased by 1.
3% from 0.
9% in the previous month, mainly affected
by the high comparative base in the same period last year.
The price of means of production decreased by 2.
5% from an increase of 0.
6%; The price of living materials rose by 2.
2%, an increase of 0.
4 percentage points
.
Of the 40 industrial sectors surveyed, prices rose in 27, down three from the previous month
.
Among the major industries, the price decline expanded: ferrous metal smelting and rolling processing industry fell by 21.
1%, an increase of 3.
1 percentage points; coal mining and washing industry decreased by 16.
5%, an increase of 13.
8 percentage points; non-ferrous metal smelting and rolling processing industry decreased by 7.
8%, an increase of 3.
4 percentage points
.
Prices turned from rising to falling: chemical raw materials and chemical products manufacturing industry turned from 1.
0% to 4.
4%; The chemical fiber manufacturing industry turned from an increase of 3.
1% to a decline of 1.
1%.

The oil and gas extraction industry rose 21.
0%, down 10.
1 percentage points, and the oil, coal and other fuel processing industry rose 8.
6%, down 8.
6 percentage points
.
The agricultural and sideline food processing industry rose 8.
7%, an increase of 1.
3 percentage points
.