China News Agency, Beijing, July 9 (Reporter Wang Enbo) The National Bureau of Statistics of China released data on the 9th. In June, China's industrial producer ex-factory price index (PPI) fell by 3.0% year-on-year, and the decline was narrowed by 0.7 percentage points from the previous month; The chain ratio increased from falling to rising. In the first half of the year, China's PPI fell by 1.9% compared with the same period last year.
Wen Bin, chief researcher of China Minsheng Bank, analyzed that PPI improved in the month, mainly due to the rebound in international oil prices, which led to the recovery of commodity prices. China's domestic work resumed and production was fully promoted, and the manufacturing industry steadily recovered.
He pointed out that in June, the average daily spot price of Brent crude oil rose by more than 30% compared with May, and the index of commodities such as energy, steel, minerals, nonferrous metals, and rubber increased, which led to a year-on-year decline in the means of production PPI. Compared with the previous month, it narrowed by 0.9 percentage points to 4.2%; the year-on-year increase in the means of living materials PPI increased by 0.1 percentage points from the previous month to 0.6%.
Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, also revealed that the year-on-year price declines in major industries have narrowed in June. For example, the prices of the oil and gas extraction industry fell by 39.1%, narrowing by 18.5 percentage points; the prices of oil, coal, and other fuel processing industries fell by 21.6%, narrowing by 2.8 percentage points; the prices of chemical raw materials and chemical manufacturing industries fell by 7.9%, closing 1.3% narrower.
It is also estimated that in the 3.0% year-on-year decline in PPI in June, the tailing effect of price changes last year was about -0.2 percentage points, and the effect of new price increases was about -2.8 percentage points.
From a chain perspective, in June, PPI changed from a decrease of 0.4% last month to a rise of 0.4%. Among them, the price of means of production changed from a decrease of 0.5% to a rise of 0.5%, and the price of means of living changed from a decrease of 0.3% to a rise of 0.1%. Judging from the surveyed 40 industrial sectors, there were 22 price increases, an increase of 12 from the previous month; 12 prices fell, a decrease of 8; 6 prices remained unchanged, a decrease of 4.
Affected by the sharp rise in international crude oil prices, the prices of petroleum-related industries stopped falling and rose in the month. Among them, the oil and gas mining industry, petroleum, coal and other fuel processing industry, chemical raw materials and chemical products manufacturing industry, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry and other five industries together affect PPI rise by about 0.42 Percentage points. (Finish)