March chemical raw materials and chemical products industry situation analysis
The National Bureau of Statistics data released on April 11 showed that in March, affected by international commodity prices and other factors, PPI rose 1.1% YoY to 8.3%. Among them, the chemical raw materials and chemical products manufacturing industry rose 15.7% year-on-year and 1.8% ringgit.
From the ring, PPI rose 1.1%, an increase of 0.6 percentage points over the previous month. Among them, the price of production materials rose 1.4%, an increase of 0.7 percentage points; the price of living materials rose 0.2%, an increase of 0.1 percentage points. Geopolitical and other factors to promote international commodity prices continue to rise, driving domestic oil, non-ferrous metals and other related industries continue to rise in price. Among them, the oil and gas extraction industry prices rose 14.1%, oil, coal and other fuel processing industry prices rose 7.9%, chemical fiber manufacturing prices rose 2.0%, chemical raw materials and chemical products manufacturing prices rose 1.8%; non-ferrous metal smelting and rolling processing industry prices rose 2.7%. The above industries together affected the PPI rose about 0.77 percentage points, accounting for 70% of the total increase. Coal, steel prices have increased. Coal mining and washing industry prices rose 2.5%, the price of ferrous metal smelting and rolling processing industry rose 1.4%. In addition, the gas production and supply industry prices rose 3.7%, agricultural and food processing industry prices rose 1.2%; textile and apparel industry prices fell 0.3%.
From a year-on-year perspective, PPI rose 8.3%, or 0.5 percentage points lower than last month, mainly due to a higher base in the same period last year. Among them, the price of production materials rose 10.7%, down 0.7 percentage points; the price of living materials rose 0.9%, the same rate as last month. Survey of 40 industrial industry categories, prices rose in 37, an increase of 1 over last month. The main industries, prices fell: non-ferrous metal smelting and rolling processing industry rose 18.3%, down 2.1 percentage points; chemical raw materials and chemical products manufacturing industry rose 15.7%, down 4.0 percentage points; ferrous metal smelting and rolling processing industry rose 9.4%, down 3.5 percentage points; chemical fiber manufacturing industry rose 4.5%, down 6.9 percentage points. Price increases were expanded: coal mining and washing industry rose 53.9%, expanding 8.5 percentage points; oil and gas extraction industry rose 47.4%, expanding 5.5 percentage points; oil, coal and other fuel processing industry rose 32.8%, expanding 2.6 percentage points; electricity and heat production and supply industry rose 8.7%, expanding 0.2 percentage points.
According to calculations, in March 8.3% year-on-year increase in PPI, last year's price changes in the tail impact of about 6.8 percentage points, the impact of new price increases of about 1.5 percentage points.