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Prices of China's chemical raw materials, chemical products rose 4% year-on-year in February
Posttime: 2021-03-17    Author: Shandong CYNDA (Group) Co., Ltd.

from AgroPages
The latest information from China’s State Bureau of Statistics showed that, due to the continuous increase in the price of international crude oil, prices in domestic oil-related industries have also continued to rise, with oil and natural gas extraction prices rising by 7.5%, while prices in oil, coal and other fuel processing industries rose by 4.9%, and prices in the chemical fiber manufacturing industry rose by 3.6%, and prices in the chemical raw material and chemical product manufacturing industry rose by 2.1%, which caused an overall rise of some 0.45% in terms of PPI.

 

Concerning IPI, on a month-on-month basis, the price of fuel and power rose by 3.3%, while the price of ferrous metal materials rose by 2.2%, and the price of chemical raw materials rose by 1.3%, and the price of non-ferrous metal materials and wires rose by 1.2%.

 

Among major industries, the price of chemical raw materials and chemical products rose by 4.0%, which is a 2.8% extended rise. The price falling range, which has decreased, includes oil and natural gas extraction, down by 6.4%, which is a 15.5% decrease while the price of oil, coal and other fuel processing industries are down by 0.5%, which is an 8.5% decrease.  

 

From January to February, on average, PPI rose by 1.0% year-on-year while IPI rose by 1.6% year-on-year.
 

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