The prices of chemical raw materials and product manufacturing in September rose 25.5% year-on-year and 2.0% month-on-month

According to a news from the National Bureau of Statistics on October 14, in September, the price increase of industrial products continued to expand due to factors such as rising prices of coal and some energy-intensive industries.

In September 2021, the national ex-factory prices for industrial producers rose by 10.7% year-on-year and 1.2% month-on-month; the purchasing prices for industrial producers rose 14.3% year-on-year and 1.1% month-on-month. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 25.5% year-on-year and 2.0% month-on-month.

From a month-on-month perspective, PPI rose by 1.2%, an increase of 0.5 percentage points from the previous month. Among them, the price of means of production rose by 1.5%, an increase of 0.6%; the price of means of living remained flat. Affected by strong demand and continuous tight supply, the price of coal processing industry rose by 18.9%, and the price of coal mining and washing industry rose by 12.1%, which in total affected the PPI increase by about 0.50 percentage points. The production of some energy-intensive industries is limited and prices have risen more. Among them, the price of non-ferrous metal smelting and rolling processing industry increased by 2.9%, the price of non-metallic mineral products such as cement increased by 2.9%, and the price of chemical raw materials and chemical products manufacturing increased by 2.0%. , The price of ferrous metal smelting and rolling processing industry rose by 1.8%, which in total affected the PPI increase by about 0.57 percentage points. In addition, factors such as the increase in the price of imported natural gas drove the price of domestic gas production and supply industries to rise by 2.5%, and the decline in international iron ore prices drove the price of domestic ferrous metal mining and processing industries to drop by 8.7%.

From a year-on-year perspective, PPI rose by 10.7%, an increase of 1.2 percentage points from the previous month. Among them, the price of means of production rose by 14.2%, an increase of 1.5%; the price of means of living rose by 0.4%, an increase of 0.1%. Among the 40 industrial sectors surveyed, 36 saw price increases, an increase of 4 over the previous month. The price increase of major industries has expanded. Among them, the price of coal mining and washing industry increased by 74.9%, an increase of 17.8 percentage points from the previous month; the price of oil and natural gas extraction industry increased by 43.6%, an increase of 2.3 percentage points; petroleum, coal and others The price of fuel processing industry increased by 40.5%, an increase of 5.2%; the price of ferrous metal smelting and rolling processing industry increased by 34.9%, an increase of 0.8%; the price of chemical raw materials and chemical products manufacturing increased by 25.5%, an increase of 1.5%; non-ferrous metal smelting The price of rolling processing industry rose by 24.6%, an increase of 2.8 percentage points. The above-mentioned six industries together affected the PPI increase by approximately 8.42 percentage points, accounting for approximately 80% of the total increase.

Among the purchasing prices of industrial producers, the price of fuel and power increased by 30.3% year-on-year and 3.9% month-on-month; the price of chemical raw materials increased by 20.7% year-on-year and 1.0% month-on-month.

On average from January to September, the ex-factory prices for industrial producers rose by 6.7% over the same period last year, and the purchasing prices for industrial producers rose by 9.3%.