In November, the prices of chemical Raw Materials And Products Rose 29.6% YOY And 0.7% MOM

Data released by the National Bureau of Statistics on December 9 showed that in November, as the implementation of the policy of ensuring supply and price stabilization continued to increase, the rapid increase in the prices of coal, metals and other energy and raw materials was initially curbed. PPI (industrial producer ex-factory price) Index) gains have declined.

International crude oil and natural gas prices fluctuated at high levels, driving up prices in related domestic industries. In November, oil extraction prices rose 7.1% month-on-month, refined petroleum product manufacturing prices rose 4.7% month-on-month, chemical raw materials and chemical product manufacturing prices rose 0.7% month-on-month; gas production and supply industry prices rose 4.1% month-on-month.

Multi-sectoral linkages curbed the irrational rise in coal prices. Coal production and market supply continued to increase. In November, the price of coal mining and washing industry changed from an increase of 20.1% to a decrease of 4.9%, and the price of coal processing changed from an increase of 12.8% to a decrease 8.4%.

From a year-on-year perspective, among the 40 major industrial sectors, 37 saw price increases, an increase of 1 over the previous month. Among them, the oil and natural gas extraction industry rose by 68.5%, an increase of 8.8 percentage points; the chemical raw material and chemical product manufacturing industry rose by 29.6% year-on-year; the petroleum, coal and other fuel processing industries rose by 53.1% year-on-year.

Among the purchasing prices of industrial producers, the price of fuel and power rose 43.8% year-on-year and 3.5% month-on-month; the price of chemical raw materials rose 25.1% year-on-year and 1.9% month-on-month.