The PPI of China’s ferrous metal smelting and rolling processing industry rose 12.0% year-on-year from January to February.

According to data released by the National Bureau of Statistics of China, in February 2021, the national factory prices for industrial producers increased by 1.7% year-on-year and 0.8% month-on-month; the purchasing prices of industrial producers rose 2.4% year-on-year and 1.2% month-on-month. On average from January to February, the ex-factory prices for industrial producers rose by 1.0% over the same period last year, and the purchasing prices for industrial producers rose by 1.6%.

The ex-factory prices of industrial producers have risen and fallen.

The purchase price of industrial producers has risen and fallen.   

• 1. Year-on-year changes in industrial producer prices.

Among the ex-factory prices of industrial producers, the prices of means of production rose by 2.3%, an increase of 1.8 percentage points from the previous month, affecting the overall increase in the ex-factory prices of industrial producers by approximately 1.71 percentage points.

Among the purchasing prices of industrial producers, the price of ferrous metal materials rose 11.6%, the price of non-ferrous metal materials and wires rose 10.3%, the price of chemical raw materials rose 0.3%, and the price of fuel and power fell 1.0%.

• 2. Chain-on-month changes in industrial producer prices

Among the ex-factory prices of industrial producers, the prices of means of production rose by 1.1%, a decrease of 0.1 percentage point from the previous month, affecting the overall level of industrial producers’ ex-factory prices to rise by about 0.80 percentage points. Among them, the price of mining and quarrying industry increased by 2.8%, the price of raw material industry increased by 2.1%, and the price of processing industry increased by 0.4%. Prices of subsistence materials have changed from rising to flat.

Among the purchasing prices of industrial producers, the price of fuel and power rose by 3.3%, the price of ferrous metal materials by 2.2%, the price of chemical raw materials by 1.3%, and the price of non-ferrous metal materials and wires by 1.2%.