China's producer prices down 1.4% in November

Time:2019-12-11 09:38:29      Source:ChinaDaily.com

 China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.4 percent year on year in November, the National Bureau of Statistics (NBS) said Tuesday.

The reading shrank from the 1.6-percent decline in October, the NBS data showed.

On a monthly basis, the PPI decreased 0.1 percent last month, compared with an increase of 0.1 percent in October, according to the NBS.

In the first 11 months, the PPI on average declined 0.3 percent from that in the same period last year.

Factory prices of capital goods decreased 2.5 percent year on year in November, shrinking from the 2.6 percent decline in October.

Among major industries, oil and natural gas extraction saw slower price drops in November, with prices declining 11.2 percent year on year, narrowing by 6.7 percentage points.

Prices for ferrous metal smelting and rolling decreased 5.3 percent over one year ago, while non-ferrous metal smelting and rolling saw producer prices rise 0.5 percent year on year in November.

Twelve of the 40 surveyed industries saw price hikes month on month, while 19 reported price drops and nine witnessed unchanged prices.

NBS senior statistician Shen Yun said the carryover effect of last year resulted in a drop of 0.9 percentage points in the PPI decline in November, while new factors dragged down the index by 0.5 percentage points.

Tuesday's data also showed China's consumer price index, a main gauge of inflation, rose 4.5 percent year on year in November.


 

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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