Manufacturing prices of chemical raw materials and products fell 1.1% month-on-m

In January, affected by the fluctuation of international crude oil prices and the decline in domestic coal prices, the overall price of indu

Data released by the National Bureau of Statistics on February 2 showed that in January 10, the ex-factory price of industrial producers in the country fell by 2023.1% year-on-year and 0.8% month-on-month; Industrial producer purchase prices rose 0.4% year-on-year and decreased 0.1% month-on-month.

In January, affected by the fluctuation of international crude oil prices and the decline in domestic coal prices, the overall price of industrial products continued to decline. 

From a month-on-month perspective, import factors affected the price of domestic oil-related industries, of which the price of oil and gas extraction industry fell by 5.5%, the price of petroleum, coal and other fuel processing industry fell by 3.2%, and the price of chemical raw materials and chemical products manufacturing fell by 1.3%. Coal supply continued to make efforts, and the price of coal mining and washing industry turned from a 0.8% increase in the previous month to a decrease of 0.5%. 

From a year-on-year perspective, the price of chemical raw materials and chemical products manufacturing fell by 5.1%, the same rate of decline as last month; The price of oil, coal and other fuel processing industries rose by 6.2%, down 3.9 percentage points; the price of oil and gas extraction rose by 5.3%, down 9.1 percentage points; and the price of coal mining and washing industry increased by 2.7% from a 0.4% decline in the previous month.