Focus of the week
[in November, the prices of chemical raw materials and products increased by 29.6% year-on-year and 0.7% month on month]
According to the data released by the National Bureau of statistics on December 9, in November, with the increasing implementation of the policy of ensuring supply and stabilizing prices, the rapid rise in the prices of energy and raw materials such as coal and metals was initially curbed, and the increase of PPI (Industrial producer ex factory price index) fell.
The high fluctuation of international crude oil and natural gas prices has driven the prices of relevant industries in China upward. In November, the price of oil exploitation increased by 7.1% month on month, the manufacturing price of refined petroleum products increased by 4.7% month on month, and the price of chemical raw materials and chemical products increased by 0.7% month on month; Gas production and supply prices rose 4.1% month on month.
Multi sectoral linkage curbed the irrational rise of coal prices, and coal production and market supply continued to increase. In November, the price of coal mining and washing industry increased from 20.1% to 4.9% month on month, and the price of coal processing increased from 12.8% to 8.4% month on month.
From a year-on-year perspective, among the 40 industrial categories, 37 prices rose, an increase of 1 over the previous month. Among them, the oil and gas exploitation industry increased by 68.5%, expanding by 8.8 percentage points; Chemical raw materials and chemical products manufacturing increased by 29.6% year-on-year; Oil, coal and other fuel processing industries rose 53.1% year-on-year.
Among the purchase prices of industrial producers, the prices of fuel and power increased by 43.8% year-on-year and 3.5% month on month; The price of chemical raw materials increased by 25.1% year-on-year and 1.9% month on month.
