Chemical raw materials and products prices continue to rise
The National Bureau of Statistics data released on August 10 show that in July, by international and domestic and other factors, the overall downward movement of industrial prices, the national PPI ring from flat to down, the year-on-year rate of increase continued to fall.
Data show that in July 2022, the national industrial producer ex-factory prices rose 4.2% year-on-year, down 1.3% YoY; industrial producer purchase prices rose 6.5% YoY, down 0.9% YoY. Among them, chemical materials and chemical products manufacturing prices rose 10.6% year-on-year, down 2.1%.
From the ring, crude oil, non-ferrous metals and other international commodity prices fell back to drive down prices in related domestic industries, including chemical materials and chemical products manufacturing prices fell 2.1%, petroleum, coal and other fuel processing industry prices fell 2.0%, oil and gas extraction industry prices fell 1.3%; coal mining and washing industry prices rose 0.8% from the previous month to a decline of 2.1%.
From a year-on-year perspective, the survey of 40 major categories of industrial industries, prices rose 35, down 2 than last month. Among the major industries, prices fell: coal mining and washing industry rose 20.7%, down 10.7 percentage points; oil and gas extraction industry rose 43.9%, down 10.5 percentage points; oil, coal and other fuel processing industry rose 28.6%, down 6.1 percentage points; chemical raw materials and chemical products manufacturing industry rose 10.6%, down 3.2 percentage points.
Industrial producers purchase prices, fuel and power prices rose 25.1% year-on-year, down 0.2%; chemical raw materials prices rose 8.9% year-on-year, down 1.1%.
January-July average, industrial producer ex-factory prices rose 7.2% over the same period last year, industrial producer purchase prices rose 9.8%. Among them, chemical raw materials and chemical products manufacturing prices rose 15.5% year-on-year.