China's rubber and plastic products industry ex-factory price increased by 2.3% in the first half of the year

The ex-factory price and purchase price of Chinese industrial producers have risen and fallen in the past year.

Industrial producers' main industry ex-factory price rise and fall

In the month of June, among the ex-factory prices of industrial producers, the price of production materials rose by 7.3% year-on-year, affecting the total level of ex-factory prices of industrial producers by about 5.4 percentage points, of which the raw material industry price rose by 10.0%.

In the first half of the year, the ex-factory price of rubber and plastic products industry increased by 2.3% year-on-year, and the month of June increased by 2.6%.

In the first half of the year, the ex-factory price of chemical raw materials and chemical products manufacturing increased by 9.5% year-on-year, and the month of June increased by 7.6%.

In the first half of the year, the ex-factory price of the auto manufacturing industry decreased by 0.4% year-on-year, and the month of June decreased slightly by 0.1%.

In the first half of the year, the ex-factory price of computer, communications and other electronic equipment manufacturing increased by 0.2% year-on-year, and increased by 0.2% year-on-year in June.

Expert interpretation:

In June, the ex-factory price of Chinese industrial producers narrowed slightly, and the year-on-year increase was the same as last month.

On a month-on-month basis, the PPI (Industrial Producer Price Index) continued to decline in June, and the decline was 0.1 percentage point lower than the previous month. The price of means of production fell by 0.2%, a decrease of 0.2 percentage points from the previous month. From the perspective of major industries, the papers and paper products industry and the non-ferrous metal mining and mining industry have expanded; the ferrous metal smelting and rolling processing industry and the textile industry have been upgraded; the oil and gas mining industry and coal have been reduced. Mining and washing industry, oil processing industry.

From the same period of last year, the PPI rose by 5.5% in June, and the increase was the same as last month. Among the major industrial sectors, the coal mining and washing industry, the oil processing industry, and the oil and natural gas mining industry have declined. The increase in ferrous metal smelting and rolling processing industries has increased.

Non-ferrous metal smelting and rolling processing industry, non-metallic mineral products industry. The total impact of the above six major industries affected the PPI by about 4.4 percentage points year-on-year, accounting for 80.0% of the total increase.

According to estimates, in the 5.5% year-on-year increase in June, the last year's price change was about 4.7 percentage points, and the new price increase factor was about 0.8 percentage points.