China News Service, April 10, according to the National Bureau of Statistics website, in March 2020, the national industrial producers 'ex-factory prices fell by 1.5% year-on-year and 1.0% month-on-month; the industrial producers' purchase prices fell by 1.6% year-on-year and 1.1% month-on-month %. In the first quarter, the ex-factory price of industrial producers fell by 0.6% over the same period of last year, and the purchase price of industrial producers fell by 0.8%.
Year-on-year changes in industrial producer prices
Among the ex-factory prices of industrial producers, the prices of means of production fell by 2.4% year-on-year, an increase of 1.4 percentage points from the previous month, which affected the overall level of ex-factory prices of industrial producers by about 1.79 percentage points. Among them, the prices of extractive industries fell by 4.0%, the prices of raw materials industries fell by 5.2%, and the prices of processing industries fell by 1.2%. The price of living materials rose by 1.2% year-on-year, a decrease of 0.2 percentage points from the previous month, affecting the overall level of ex-factory prices of industrial producers by about 0.32 percentage points. Among them, food prices rose by 4.5%, clothing prices fell by 0.5%, general commodity prices rose by 0.1%, and durable consumer goods prices fell by 1.9%.
Among the purchase prices of industrial producers, the prices of chemical raw materials fell by 7.2%, the prices of non-ferrous metal materials and wires fell by 4.8%, the prices of fuel and power fell by 4.0%, and the prices of ferrous metals fell by 0.2%; the prices of agricultural and sideline products rose by 7.2% %, The price of construction materials and non-metallic products rose by 3.1%.
Momentary changes in industrial producer prices
Among the ex-factory prices of industrial producers, the prices of means of production fell by 1.2% month-on-month, an increase of 0.5 percentage points from the previous month, which affected the overall level of ex-factory prices of industrial producers by about 0.91 percentage points. Among them, the prices of extractive industries fell by 3.5%, the prices of raw materials industries fell by 2.7%, and the prices of processing industries fell by 0.5%. The price of living materials fell by 0.2% month-on-month, affecting the overall level of industrial producers ’ex-factory prices by about 0.05 percentage points. Among them, the prices of food and clothing both fell by 0.3%, the prices of general daily necessities fell by 0.2%, and the prices of durable consumer goods fell by 0.1%.
Among the purchase prices of industrial producers, the prices of non-ferrous metal materials and wires fell by 3.1%, the prices of fuel power fell by 2.6%, the prices of ferrous metals fell by 0.5%, and the prices of wood and pulp rose by 0.5%.
| Main data of industrial producer prices in March 2020 | |||
| MoM (%) | Year-on-year change (%) | January-March Year-on-year change (%) | |
| 1. Ex-factory price of industrial producers | -1.0 | -1.5 | -0.6 |
| Means of production | -1.2 | -2.4 | -1.3 |
| mining | -3.5 | -4.0 | 0.6 |
| Raw materials | -2.7 | -5.2 | -2.7 |
| machining | -0.5 | -1.2 | -0.9 |
| Living materials | -0.2 | 1.2 | 1.3 |
| food | -0.3 | 4.5 | 4.9 |
| clothes | -0.3 | -0.5 | -0.4 |
| General daily necessities | -0.2 | 0.1 | 0.1 |
| Consumer durables | -0.1 | -1.9 | -2.0 |
| 2. Purchase price of industrial producers | -1.1 | -1.6 | -0.8 |
| Fuel, power | -2.6 | -4.0 | -1.7 |
| Ferrous metal materials | -0.5 | -0.2 | 0.6 |
| Non-ferrous metal materials and wires | -3.1 | -4.8 | -2.2 |
| Chemical raw materials | -1.8 | -7.2 | -6.4 |
| Wood and pulp | 0.5 | -2.0 | -2.5 |
| Building materials and non-metallic | -1.0 | 3.1 | 3.2 |
| Other industrial raw materials and semi-finished products | -0.3 | -0.2 | -0.1 |
| Agricultural products | -0.1 | 7.2 | 7.3 |
| Textile raw materials | -0.2 | -2.9 | -2.8 |
| 3. Ex-factory prices of major industries | |||
| Coal mining and washing industry | 0.3 | -3.6 | -3.9 |
| Oil and gas extraction | -17.0 | -21.7 | -2.2 |
| Ferrous metal mining industry | 0.4 | 6.6 | 7.5 |
| Non-ferrous metal mining industry | -1.3 | 2.1 | 3.3 |
| Non-metallic mining and dressing industry | -0.1 | 2.0 | 2.0 |
| Agricultural and sideline food processing industry | -0.5 | 6.7 | 7.1 |
| Food manufacturing | 0.1 | 1.0 | 1.0 |
| Liquor, beverage and refined tea manufacturing | -0.2 | 0.9 | 1.1 |
| Tobacco products industry | 0.4 | 3.3 | 3.0 |
| Textile industry | -0.3 | -3.2 | -3.1 |
| Textile and apparel, apparel industry | -0.5 | -0.9 | -0.6 |
| Wood processing and wood, bamboo, rattan, palm, straw products industry | -0.1 | -0.1 | 0.1 |
| Paper and paper products industry | 0.9 | -1.7 | -2.7 |
| Printing and recording media reproduction | 0.1 | -0.4 | -0.5 |
| Petroleum, coal and other fuel processing industries | -7.8 | -10.6 | -2.4 |
| Chemical raw materials and chemical products manufacturing | -1.4 | -5.3 | -4.6 |
| Pharmaceutical manufacturing | 0.0 | 1.0 | 0.9 |
| Chemical Fiber Manufacturing | -1.9 | -12.4 | -11.0 |
| Rubber and plastic products industry | -0.5 | -1.4 | -1.2 |
| Non-metallic mineral products industry | -0.9 | 0.0 | 0.2 |
| Ferrous metal smelting and rolling processing industry | -1.9 | -3.9 | -1.4 |
| Nonferrous metal smelting and rolling processing | -3.5 | -3.5 | -0.1 |
| Metal products industry | -0.3 | 0.0 | 0.3 |
| General equipment manufacturing | -0.1 | 0.2 | 0.3 |
| Automotive Manufacturing | -0.1 | -0.5 | -0.6 |
| Railway, shipbuilding, aerospace and other transportation equipment manufacturing | -0.1 | 0.8 | 0.7 |
| Computer, communications and other electronic equipment manufacturing | 0.3 | -1.5 | -2.0 |
| Power and heat production and supply | -0.4 | -1.6 | -1.1 |
| Gas production and supply | -2.6 | -3.6 | -1.8 |
| Water production and supply | -0.4 | 0.2 | 0.8 |