The Prices of Chemical Raw Materials and Products in October Rose 31.5% YOY

The PPI data released by the National Bureau of Statistics on November 10 showed that in October, the increase in PPI increased due to the combination of international import factors and the tight supply of domestic major energy and raw materials. In October 2021, the national ex-factory price of industrial producers rose by 13.5% year-on-year and 2.5% month-on-month; the purchase price of industrial producers rose 17.1% year-on-year and 2.6% month-on-month. Among them, the price of chemical raw materials and chemical products manufacturing industry increased by 31.5% year-on-year and 6.1% month-on-month.

From a month-on-month perspective, international crude oil prices fluctuated upward, driving prices in domestic petroleum-related industries to rise. Among them, the price of petroleum extraction increased by 7.1%, the price of chemical raw materials and chemical products manufacturing increased by 6.1%, the price of refined petroleum products manufacturing increased by 5.8%, and the price of chemical The price of the fiber manufacturing industry rose by 3.5%, and the above-mentioned four industries together affected the PPI increase by about 0.76 percentage points. Coal supply is tight and prices have risen more. The price of coal mining and washing industries rose by 20.1%, and the price of coal processing industries rose by 12.8%, which in total affected the PPI's rise by about 0.74 percentage points. The price of products in some energy-intensive industries increased, non-metallic mineral products increased by 6.9%, non-ferrous metal smelting and rolling processing industry prices increased by 3.6%, ferrous metal smelting and rolling processing industry prices increased by 3.5%, the above three industries together affected the PPI An increase of about 0.81 percentage points. In addition, the price of gas production and supply industry rose by 1.3%, and the price of ferrous metal mining and dressing industry fell by 8.9%.

From a year-on-year perspective, among the 40 industrial sectors surveyed, 36 saw price increases, the same as last month. Among the main industries, the price of coal mining and washing industry increased by 103.7%, an increase of 28.8%; oil and natural gas extraction industry, petroleum coal and other fuel processing industry, ferrous metal smelting and rolling processing industry, chemical raw material and chemical product manufacturing industry The price increase of non-ferrous metal smelting and rolling processing industry, chemical fiber manufacturing industry, and non-metallic mineral products industry is between 12.0% and 59.7%, an increase of 3.2 to 16.1 percentage points. The above-mentioned eight industries together affected the PPI increase by approximately 11.38 percentage points, more than 80% of the total increase.

Among the purchasing prices of industrial producers, the price of fuel and power increased by 40.7% year-on-year and 7.7% month-on-month; the price of chemical raw materials increased by 24.9% year-on-year and 4.4% month-on-month.