Producer Price Index for Manufactured Goods in China Rises 8.8% in June

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Researched by Industrial Info Resources (Sugar Land, Texas)--China's producer price index (PPI) for manufactured goods rose 8.8% year over year in June, and the growth was 0.6 percentage points higher compared with May. Prices for raw materials, fuels and power rose 13.5%, the National Bureau of Statistics of China announced on July 18.

The price for means of production increased 10.1% year over year, 0.9 percentage points higher compared with May:

•Mining and quarrying: up 29.3%
•Raw materials: up 11.2%
•Manufacturing: up 7.2%

The price for means of consumer goods increased 4.8%, 0.3 percentage points lower compared with May:

•Foodstuff: up 9.7%
•Clothing: up 2.4%
•Commodities: up 4.1%
•Durable consumer goods: down 0.2%

The price for crude oil increased 35.9% year over year.

•Gasoline: up 10.4%
•Diesel: up 12.2%
•Kerosene: up 15.5%

The price for polystyrene rose 7% year over year.

•Latex: up 32.4%
•Terylene: down 1.6%

The PPI for the coal mining and washing industry increased 27.5% year over year.

•Crude coal: up 27.1%

The price for the smelting and pressing of ferrous metals jumped 28.7% year over year.

•Large rolled steel: up 33.5%
•Medium rolled steel: up 46.4%
•Small rolled steel: up 32.7%
•Wire rod: up 49.1%
•Heavy steel plate: up 29.3%

The price for the smelting and pressing of nonferrous metals dropped 1.9% year over year.

•Copper: up 0.9%
•Zinc: down 28.1%
•Aluminum: down 1.6%
•Lead: up 6.3%

Other goods:

•Fuel and power: up 24.9%
•Nonferrous metal: up 24.9%
•Chemical materials: up 7.8%
•Ferrous metals: up 2.7%

From January to June, the PPI for manufactured goods rose 7.6% compared with the same period last year, and purchasing prices for raw materials, fuels and power rose 11.1%.

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