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Thursday, May 15, 2008

China Producer Prince Index April 2008

In April, Producers’ Price Index (PPI) for manufactured goods was up by 8.1 percent from April 2007; purchasing prices for raw material, fuels and power rose by 11.8 percent.

Of the total, PPIs for mining and quarrying industry increased 27.2 percent; that for raw materials industry and machining industry correspondingly up by 10.4 and 6.0 percent; that for means of consumer goods grew 5.4 percent. Of which, price for foodstuff increased 11.9 percent; that of clothing and commodities rose 2.3 and 3.7 percent, while that for durable consumer goods dropped 0.5 percent.

In terms of different categories:

PPI for crude oil increased 37.9 percent, year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 10.8, 10.2 and 11.7 percent respectively.

PPI for polystyrene decreased 0.1 percent compared with the same month a year ago; that of latex up by 21.5 percent; and that of terylene rose by 1.2 percent, year on year.

PPI for mining and washing of coal industry was up by 26.0 percent from last March. Of which, PPI for crude coal increased 27.4 percent.

PPI for smelting and pressing of ferrous metals grew 24.8 percent from the same month last year. Of which, PPIs for ordinary large rolled-steels, medium rolled-steels, small rolled-steels, wire rod and heavy steel plate correspondingly increased 29.3, 41.1, 34.6, 37.0, and 24.9 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 4.7 percent. Of the total, the increase of copper and lead surged 0.6 and 20.9 percent, while that aluminum and zinc dropped 0.1 and 24.2 percent respectively.

In addition, wherein the purchasing price for raw materials, fuel and power, nonferrous metal materials, ferrous metals, and chemical materials increased21.2, 20.8, 6.1, and 4.2 percent respectively, year-on-year.

From January to April, PPI grew 7.2 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 10.3 percent.

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