In March, The Prices of Chemical Raw Materials And Products Increased by 15.7% Year-on-year And 1.8% Month-on-month

Data released by the National Bureau of Statistics on April 11 showed that in March, affected by factors such as rising international commodity prices, the PPI rose by 1.1% month-on-month, and the year-on-year increase fell to 8.3%. Among them, the manufacturing of chemical raw materials and chemical products increased by 15.7% year-on-year and 1.8% month-on-month.

From a month-on-month perspective, the PPI increased by 1.1%, an increase of 0.6 percentage points from the previous month. Among them, the prices of means of production rose by 1.4%, an increase of 0.7 percentage points; the prices of living materials rose by 0.2%, an increase of 0.1 percentage points. Geopolitical and other factors have pushed the prices of international bulk commodities to continue to rise, driving the prices of domestic oil, non-ferrous metals and other related industries to continue to rise. Among them, the price of oil and natural gas extraction industry increased by 14.1%, the price of petroleum coal and other fuel processing industry increased by 7.9%, the price of chemical fiber manufacturing industry increased by 2.0%, and the price of chemical raw material and chemical products manufacturing industry increased by 1.8%; non-ferrous metal smelting and rolling increase Industrial prices rose 2.7%. The above industries together affected the PPI increase of about 0.77 percentage points, accounting for 70% of the total increase. Coal and steel prices have risen. Coal mining and washing industry prices rose 2.5%, ferrous metal smelting and rolling processing industry prices rose 1.4%. In addition, the price of gas production and supply industry increased by 3.7%, the price of agricultural and sideline food processing industry increased by 1.2%; the price of textile, clothing and apparel industry decreased by 0.3%.

On a year-on-year basis, PPI increased by 8.3%, a decrease of 0.5 percentage points from the previous month, mainly due to the high base in the same period last year. Among them, the prices of means of production rose by 10.7%, and the increase dropped by 0.7 percentage points; the prices of means of living rose by 0.9%, the same increase as the previous month. Among the 40 major industrial sectors surveyed, 37 saw price increases, an increase of 1 from the previous month. Among the major industries, the price increases fell: non-ferrous metal smelting and rolling processing industry rose 18.3%, down 2.1 percentage points; chemical raw materials and chemical product manufacturing rose 15.7%, down 4.0 percentage points; ferrous metal smelting and rolling processing industry rose 9.4%, down 3.5 percentage points; chemical fiber manufacturing industry increased by 4.5%, down 6.9 percentage points. The price increases expanded: the coal mining and washing industry increased by 53.9%, an increase of 8.5 percentage points; the oil and natural gas extraction industry increased by 47.4%, an increase of 5.5 percentage points; the petroleum coal and other fuel processing industry increased by 32.8%, an increase of 2.6 percentage points ; Electricity and heat production and supply industry rose by 8.7%, an increase of 0.2 percentage points.

According to estimates, among the 8.3% year-on-year increase in PPI in March, the impact of last year's price changes was about 6.8 percentage points, and the impact of new price increases was about 1.5 percentage points.