Chemical raw material and product price fluctuation data in June

The National Bureau of Statistics released the PPI (Industrial Producer Price Index) data for June 2020 on July 9, showing that in June, the national industrial producer price fell 3.0% year-on-year and 0.4% month-on-month; the industrial producer purchase price The year-on-year decline was 4.4%, and the month-on-month increase was 0.4%.

According to the National Bureau of Statistics, in June, the prices of international commodities recovered, the domestic manufacturing industry recovered steadily, and market demand continued to improve.

From a quarter-on-quarter perspective, PPI changed from a decrease of 0.4% last month to a rise of 0.4%. Among them, the price of means of production changed from a decrease of 0.5% to a rise of 0.5%, and the price of means of living changed from a decrease of 0.3% to a rise of 0.1%. Judging from the surveyed 40 major industrial sectors, there were 22 price increases, an increase of 12 from the previous month; 12 declines, a decrease of 8; 6 flats, a decrease of 4.

Affected by the substantial increase in the price of international crude oil, the prices of products in the petroleum-related industries stopped falling and rose. Among them, the prices of the oil and gas extraction industry rose by 38.2% month-on-month, and the prices of the oil, coal and other fuel processing industries rose by 1.7%. Industry prices rose 0.4%. The prices of ferrous metal smelting and rolling processing industries increased from flat to 1.9%. Non-ferrous metal smelting and rolling processing industry prices rose 1.9%, an increase of 0.3 percentage points from the previous month. The total impact of the above five industries on PPI rose by about 0.42 percentage points. In addition, the prices of coal mining and washing industry decreased by 0.7%, the decline narrowed by 2.2 percentage points.

From a year-on-year perspective, PPI fell by 3.0%, a decrease of 0.7 percentage points from the previous month. Among them, the price of means of production fell by 4.2%, the rate of decrease narrowed by 0.9 percentage points; the price of means of living rose by 0.6%, an increase of 0.1 percentage points. Price declines in major industries have narrowed. Among them, the prices of the oil and gas extraction industry fell by 39.1%, narrowing by 18.5 percentage points; the prices of petroleum, coal and other fuel processing industries fell by 21.6%, narrowing by 2.8 percentage points; the prices of chemical raw materials and chemical products manufacturing industries fell by 7.9%, closing 1.3% narrower; ferrous metal smelting and rolling processing industry prices fell 5.1%, narrowing 2.9 percentage points; non-ferrous metal smelting and rolling processing industry prices fell 2.2%, narrowing 2.2 percentage points. In addition, the prices of coal mining and washing industry decreased by 9.3%, and the decline increased by 0.5 percentage points.

According to estimates, in the 3.0% year-on-year decline in June, the tailing effect of price changes last year was about -0.2 percentage points, and the effect of new price increases was about -2.8 percentage points. In the first half of the year, PPI fell by 1.9% compared with the same period last year.