The prices of chemical raw materials and products in May rose 17.5% year-on-year and 2.1% month-on-month

According to data released by the National Bureau of Statistics on May 11, in April 2021, the national factory prices for industrial producers increased by 6.8% year-on-year and 0.9% month-on-month; the purchasing prices of industrial producers rose 9.0% year-on-year and 1.3% month-on-month. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 17.5% year-on-year and 2.1% month-on-month.

In April, domestic industrial production recovered steadily, the prices of international bulk commodities such as iron ore and non-ferrous metals rose, and prices in the production sector continued to rise.

From a month-on-month perspective, PPI rose by 0.9%, a decrease of 0.7 percentage points from the previous month. The month-on-month decline in PPI growth was mainly affected by the decline in prices in the petroleum and non-ferrous metal industries. The decline in international crude oil prices drove the price increase of domestic petroleum-related industries to fall or decline. Among them, the price of oil and natural gas extraction industry increased by 0.4%, and the increase rate fell by 9.4%; the price of chemical raw materials and chemical products manufacturing increased by 2.1%, and the increase rate fell by 3.2. Percentage points; the prices of petroleum, coal and other fuel processing industries turned from a 5.7% increase last month to a 0.9% drop. Although the prices of non-ferrous metals such as copper and aluminum in the international market have continued to rise, the rising trend has slowed down. The prices of domestic non-ferrous metal smelting and rolling processing industries rose by 2.1%, a drop of 2.4 percentage points. In addition, affected by the increase in demand and the rising cost of raw materials such as iron ore, the price of ferrous metal smelting and rolling processing industry rose by 5.6%, an increase of 0.9%.

From a year-on-year perspective, PPI rose by 6.8%, an increase of 2.4 percentage points from the previous month. Affected by the low comparison base in the same period last year, the price increase of major industries has expanded. Among them, the oil and natural gas extraction industry increased by 85.8%, an increase of 62.1 percentage points; the ferrous metal smelting and pressing industry increased by 30.0%, an increase of 8.5%; Metal smelting and rolling processing industry rose 26.9%, an increase of 5.6 percentage points; petroleum, coal and other fuel processing industries rose 23.8%, an increase of 9.9%; chemical raw materials and chemical product manufacturing rose 17.5%, an increase of 6.1 percentage points; coal mining And washing industry rose 13.3%, an increase of 6.4 percentage points.

Among the purchasing prices of industrial producers, the prices of non-ferrous metal materials and wires increased by 23.3% year-on-year and 2.5% month-on-month; the prices of ferrous metal materials increased 20.2% year-on-year and 3.0% month-on-month; the prices of chemical raw materials rose 13.3% year-on-year, month-on-month Increased by 2.6%; fuel and power prices increased by 12.1% year-on-year and 0.6% month-on-month.

On average from January to April, the ex-factory prices for industrial producers rose by 3.3% over the same period last year, and the purchasing prices for industrial producers rose by 4.3%.