Data released by the National Bureau of Statistics on May 12 showed that in April, domestic industrial prices continued to fall due to factors such as the epidemic situation and the continued decline in international commodity prices. In April, the national producer prices for industrial producers fell 3.1% year-on-year and 1.3% month-on-month; the purchase prices of industrial producers fell 3.8% year-on-year and 2.3% month-on-month.
Data show that the prices of chemical raw materials and chemical products manufacturing in April decreased by 8.3% year-on-year and expanded by 3.0 percentage points; month-on-month fell by 3.0% and expanded by 1.6 percentage points. Petroleum, coal and other fuel processing industries fell by 19.8% year-on-year and 9% month-on-month; prices of chemical raw materials fell by 9.3% year-on-year and 2.9% month-on-month.
Looking from the chain, among the 40 major industrial sectors surveyed, 30 have fallen in price, 8 have risen, and 2 have remained flat. Affected by the sharp drop in international crude oil prices, the decline in prices of products in petroleum-related industries continued to expand. Among them, the price of the oil and gas extraction industry fell by 35.7%, an increase of 18.7 percentage points; the price of oil, coal and other fuel processing industries fell by 9.0%, an increase of 1.2 percentage points; the price of chemical raw materials and chemical products manufacturing fell by 3.0%, an increase of 1.6% percentage point. The above three industries combined affect PPI decline by about 0.76 percentage points, accounting for nearly 60% of the total PPI decline.
From a year-on-year perspective, price declines in major industries have increased. Among them, the prices of the oil and gas extraction industry decreased by 51.4%, an increase of 29.7 percentage points; the prices of petroleum, coal and other fuel processing industries decreased by 19.8%, an increase of 9.2 percentage points; Percentage point; coal mining and washing industry prices fell 5.4%, an increase of 1.8 percentage points. In addition, the price of agricultural and sideline food processing industry rose by 6.2%, the growth rate fell by 0.5 percentage points.
Among the purchase prices of industrial producers, the price of fuel and power fell 11.4% year-on-year and 7.4% month-on-month; the price of chemical raw materials fell 9.3% year-on-year and 2.9% month-on-month; the prices of non-ferrous metal materials and wires fell 6.6% year-on-year and year-on-year 2.2%; the price of ferrous metal materials dropped by 1.7% year-on-year and 1.0% month-on-month.
On average from January to April, the ex-factory price of industrial producers fell by 1.2% over the same period last year, and the purchase price of industrial producers fell by 1.5%. Among them, the prices of chemical raw materials and chemical products manufacturing fell by 5.5%, the prices of petroleum, coal and other fuel processing industries fell by 6.8%, the prices of chemical fiber manufacturing fell by 12.7%, and the rubber and plastic products industry fell by 1.4%.
