The Price of Chemical Raw Materials and Products in July Increased by 10.6% Year-on-year and Decreased by 2.1% Month-on-month

Data released by the National Bureau of Statistics on August 10 showed that in July, affected by international and domestic and other factors, the prices of industrial products fell as a whole.


Data show that in July 2022, the national ex-factory price of industrial producers rose by 4.2% year-on-year and fell by 1.3% month-on-month; the purchase price of industrial producers rose by 6.5% year-on-year and fell by 0.9% month-on-month. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 10.6% year-on-year and decreased by 2.1% month-on-month.

From a month-on-month perspective, the decline in the prices of crude oil, non-ferrous metals and other international bulk commodities has led to a decline in the prices of domestic related industries. Among them, the prices of chemical raw materials and chemical products manufacturing industry fell by 2.1%, the prices of petroleum, coal and other fuel processing industries fell by 2.0%, and the prices of oil and natural gas fell by 2.0%. The price of mining industry decreased by 1.3%; the price of coal mining and washing industry changed from an increase of 0.8% in the previous month to a decrease of 2.1%.

From a year-on-year perspective, among the 40 major industrial sectors surveyed, 35 saw price increases, 2 less than last month. Among the major industries, the price increases fell: coal mining and washing rose 20.7%, down 10.7 percentage points; oil and natural gas extraction rose 43.9%, down 10.5 percentage points; petroleum, coal and other fuel processing industries rose 28.6%, Down 6.1 percentage points; chemical raw materials and chemical products manufacturing industry rose 10.6%, down 3.2 percentage points.

Among the purchasing prices of industrial producers, the price of fuel and power increased by 25.1% year-on-year and decreased by 0.2% month-on-month; the price of chemical raw materials increased by 8.9% year-on-year and decreased by 1.1% month-on-month.

On average from January to July, the ex-factory price of industrial producers rose by 7.2% over the same period last year, and the purchase price of industrial producers rose by 9.8%. Among them, the manufacturing prices of chemical raw materials and chemical products increased by 15.5% year-on-year.