Business Informations

02-26-2015

Price of Chemical Raw Materials Decreased by 5.5% Year on Year in January 2015

      Data released by National Bureau of Statistics recently show that in January 2015, China's Producer's Ex-factory Price for Industrial Products has decreased by 4.3% year on year and by 1.1% month on month, and Producer's Purchase Price for Industrial Products has decreased by 5.2% year on year and by 1.3% month on month.

      I. Change of PPI on a year-on-year basis

      Out of the Producer's Ex-factory Price for Industrial Products, Price Index of Means of Production has decreased by 5.6% year on year, which resulted in an approximate 4.3% overall decline of the country's Producer's Ex-factory Price for Industrial Products.

      As for Producer's Purchase Price for Industrial Products, price of fuel and power has declined by 9.9% year on year; price of ferrous material has declined by 9.6%; price of chemical raw materials has declined by 5.5%; price of nonferrous material and electric wires has declined by 4.8%.

      According to calculation, out of the overall 4.3% of decline of China's Producer's Ex-factory Price for Industrial Products, about 3.2% was caused by the carryover effects from last year's price change, and about 1.1% was caused by new rise in price.

      II. Change of PPI on a month-on-month basis

      Out of the Producer's Ex-factory Price for Industrial Products, Price Index of Means of Production has decreased by 1.4% month on month, which resulted in an approximate 1.1% overall decline of the country's Producer's Ex-factory Price for Industrial Products.

      As for Producer's Purchase Price for Industrial Products, price of fuel and power has declined by 2.8% month on month; price of chemical raw materials has declined by 2.0%; price of nonferrous material and electric wires has declined by 1.8%; price of ferrous material has declined by 1.2%.

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