Chemical raw materials and products manufacturing prices rose 13.6% in May, up 0.6% from a year earlier

       The National Bureau of Statistics released data on the 10th, in May, the national industrial producer prices rose 6.4% year-on-year, up 0.1%; industrial producer purchase prices rose 9.1% year-on-year, up 0.5%. Among them, chemical raw materials and chemical products manufacturing prices rose 13.6%, up 0.6%.

       From the ring, PPI rose 0.1% in May, or 0.5 percentage points lower than the previous month. Among them, the price of production materials rose 0.1%, down 0.7 percentage points; the price of living materials rose 0.3%, an increase of 0.1 percentage points.

       International crude oil prices shocked upward, driving up prices in related domestic industries. Among them, oil and gas extraction industry prices rose 1.3%, oil, coal and other fuel processing industry prices rose 0.9%, chemical fiber manufacturing prices rose 0.8%, chemical raw materials and chemical products manufacturing prices rose 0.6%.

       With the safe and orderly release of advanced coal production capacity around the measures to protect the supply of coal, strengthen the management of market expectations, coal mining and washing industry prices from up 2.5% to down 1.1%, coal processing prices rose 0.7%, the rate of increase fell 8.6 percentage points.

       From a year-on-year perspective, PPI rose 6.4% in May, or 1.6 percentage points lower than the previous month. Among them, the price of production materials rose 8.1%, down 2.2 percentage points; the price of living materials rose 1.2%, an increase of 0.2 percentage points.

       Survey of 40 industrial industry categories, prices rose 37, the same as last month. The main industries, prices fell: coal mining and washing industry rose 37.2%, down 16.2 percentage points; non-ferrous metal smelting and rolling processing industry rose 10.4%, down 6.4 percentage points; petroleum, coal and other fuel processing industry rose 34.0%, down 4.7 percentage points; chemical raw materials and chemical products manufacturing industry rose 13.6%, down 1.3 percentage points. Price increases were expanded: gas production and supply industry rose 22.0%, expanding 1.3 percentage points; electric power and heat production and supply industry rose 9.7%, expanding 0.4 percentage points. Ferrous metal smelting and rolling processing industry prices fell 1.3%, the first year-on-year decline since September 2020.

       Industrial producers in the purchase price, May fuel power prices rose 31.6% year-on-year, up 0.4%; chemical raw materials prices rose 10.5% year-on-year, up 0.2% ringgit.

       January-May average, the industrial producer ex-factory prices rose 8.1% over the same period last year, industrial producer purchase prices rose 10.8%.

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