On November 10, the data released by the National Bureau of statistics showed that in October 2020, the ex factory prices of industrial producers in China decreased by 2.1% year-on-year, and were flat month on month; the purchase prices of industrial producers fell by 2.4% year-on-year and rose by 0.2% month on month. Among them, the ex factory prices of chemical raw materials and chemical products manufacturing industry decreased by 6% and increased by 1.1% year-on-year. With the continuous recovery of domestic industrial production, industrial production prices in October were generally stable. From the month on month, PPI rose slightly to flat. Among them, the price of means of production rose by 0.1%, and the rise fell by 0.1%; the price of means of living decreased by 0.1%, the same as that of last month.
Source: Chemical Network
