China's Producer Price Index for Manufactured Goods Drops 3.3% in January

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Researched by Industrial Info Resources (Sugar Land, Texas)--China's producer price index (PPI) for manufactured goods dropped 3.3% in January, the National Bureau of Statistics announced on February 10. Prices for raw materials, fuels and power fell 5.3% year over year.

The price for means of production decreased 4.4% year over year:

• Mining and quarrying: down 13.2%
• Raw materials: down 6.8%
• Manufacturing: down 2.2%

The price for means of consumer goods rose 0.1% year over year:

• Foodstuff: up 0.2%
• Clothing: up 0.9%
• Commodities: up 1%
• Durable consumer goods: down 1.5%

The price for crude oil dropped 49.9% year over year:

• Gasoline: up 2.1%
• Diesel: down 4.8%
• Kerosene: up 3.1%

The price for polystyrene dropped 39% year over year:

• Latex: down 31.4%
• Terylene: down 30.5%

The PPI for the coal mining and washing industry increased 22.7% year over year:

• Crude coal: up 12.3%

The price for the smelting and pressing of ferrous metals dropped 7.2% year over year:

• Large rolled steel: down 5.3%
• Medium rolled steel: down 9.4%
• Small rolled steel: down 3.4%
• Heavy steel plate: down 15.2%
• Wire rod: down 14.5%

The price for the smelting and pressing of nonferrous metals dropped 24.6% year over year:

• Aluminum: down 19.8%
• Copper: down 41.1%
• Lead: down 36.7%
• Zinc: down 43%

In addition, the purchasing price for raw materials, fuels and power products, the price for fuel and power, nonferrous metal materials, chemical materials and ferrous metals dropped 28.4%, 7.4%, 6.8% and 4.7%, respectively, year over year.

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