PPI y/y declined further, m/m narrowed.PPI -0.1% m/m, with a -0.3% input prices and producer prices for consumption goods dropped by 0.4%.The weaker PPI numbers are influenced by insufficient market demand and falling prices for certain international commodities, NBS said. The implementation of policies to expand domestic demand has begun to yield results, improving demand in construction and driving price increases for steel and cement. For instance, after four consecutive months of decline, prices in the ferrous metal smelting and rolling industry rose by 3.4%, while non-metallic mineral products prices went up by 0.4% following three months of declines. Seasonal coal demand for northern heating also contributed to coal mining prices, which rose by 0.1%. International trends influenced certain sectors: rising global non-ferrous metal prices spurred a 2.1% increase in related domestic industries, while global oil price fluctuations led to lower prices in the petroleum sector, with petroleum and coal processing falling by 2.6% and oil and gas extraction by 2.4%.On a year-on-year basis, the PPI fell by 2.9%, a slight increase in decline from last month by 0.1 percentage points. Key sectors showed varied trends: prices in petroleum and gas extraction and coal mining both saw more pronounced year-over-year decreases, while ferrous metal smelting and non-metal mineral products industries narrowed their declines. Notably, non-ferrous metal smelting prices increased by 8.3% year-on-year, while cultural, educational, and sports goods manufacturing grew by 5.8%. These trends indicate that while price pressures remain in certain industries, others are experiencing a rise in production costs or demand. (ICE PECHINO)

Fonte notizia: National Bureau of Statistic of China