Factory Price of Chemical Raw Materials and Products Manufacturing Industry Decreased by 0.7% Month-on-Month in July
Created on 08.15
Data released by the National Bureau of Statistics on August 9 showed that in July 2025, the national producer price index (PPI) for industrial products decreased by 0.2% month-on-month, and the purchasing price index for industrial producers decreased by 0.3% month-on-month. Year-on-year, the PPI dropped by 3.6%, while the purchasing price index for industrial producers fell by 4.5%. Among them, the factory price of the chemical raw materials and chemical products manufacturing industry decreased by 0.7% month-on-month and 6.5% year-on-year.
The month-on-month decline of PPI narrowed by 0.2 percentage points, marking the first narrowing of the month-on-month decline since March. The main reasons for the month-on-month change of PPI in this month are as follows:First, seasonal factors coupled with uncertainties in the international trade environment led to price declines in some industries. In summer, high temperatures and increased rainfall slowed down the construction progress of construction projects, affecting the demand for building materials. Meanwhile, abundant water flow in rivers in some regions enhanced the supplementary and Substitute role of hydropower in thermal power, reducing the demand for thermal coal and lowering electricity prices. Affected by this, the price of non-metallic mineral products industry decreased by 1.4% month-on-month; the price of ferrous metal smelting and rolling processing industry dropped by 0.3%; the price of coal mining and washing industry fell by 1.5%; and the price of electricity, heat production and supply industry decreased by 0.9%. Under the influence of uncertainties in the international trade environment, the price of computer, communication and other electronic equipment manufacturing industry decreased by 0.4%, the price of automobile manufacturing industry dropped by 0.3%, the price of electrical machinery and equipment manufacturing industry decreased by 0.2%, and the price of general equipment manufacturing industry fell by 0.2%. In total, the above 8 industries contributed to a month-on-month decrease of approximately 0.24 percentage points in PPI.
Second, the continuous optimization of domestic market competition order narrowed the price decline of related industries. With the in-depth advancement of the construction of a unified national market, the market competition order in industries such as coal, steel, photovoltaic, cement and lithium batteries has been continuously optimized. The month-on-month decline rates of prices in coal mining and washing industry, ferrous metal smelting and rolling processing industry, photovoltaic equipment and components manufacturing, cement manufacturing, and lithium-ion battery manufacturing narrowed by 1.9, 1.5, 0.8, 0.3 and 0.1 percentage points respectively compared with the previous month. In total, their downward impact on PPI month-on-month decreased by 0.14 percentage points compared with the previous month.
In addition, international imported factors drove up prices in domestic petroleum and non-ferrous metal related industries. The price of oil and natural gas extraction industry rose by 3.0%, and the price of non-ferrous metal smelting and rolling processing industry increased by 0.8%.
The year-on-year decline of PPI was 3.6%, the same as that of the previous month. With the continuous and timely strengthening of macro policies, the supply-demand relationship in some industries has improved, and prices have shown positive changes.
First, industrial transformation and upgrading drove the year-on-year recovery of prices in related industries. With the gradual advancement of the transformation and upgrading of traditional industries and the capacity governance of key industries, and the rapid growth of emerging industries, the prices of related industries have rebounded year-on-year. The price of caustic soda rose by 3.6%; the year-on-year decline of glass manufacturing price narrowed by 0.9 percentage points. The price of aircraft manufacturing increased by 3.0%, the price of wearable smart device manufacturing rose by 1.6%, the price of microwave communication equipment increased by 0.9%, and the price of servers rose by 0.6%.
Second, the continuous release of domestic demand potential drove the year-on-year price increase of some industries. With the in-depth implementation of special actions to boost consumption, the consumer market has developed continuously and healthily, and the increase in upgraded consumer demand has driven the year-on-year price increase of some industries. The price of arts and crafts and etiquette products manufacturing rose by 13.1%, the price of sports ball manufacturing increased by 5.3%, the price of nutritional food manufacturing rose by 1.3%, the price of health food manufacturing increased by 1.2%, and the price of bicycle manufacturing rose by 0.6%.
In the purchasing prices of industrial producers, the price of fuel and power category decreased by 10.8% year-on-year and 0.6% month-on-month; the price of chemical raw materials category decreased by 6.5% year-on-year and 0.5% month-on-month.
On average from January to July, the factory price of industrial producers decreased by 2.9% compared with the same period last year, and the purchasing price of industrial producers fell by 3.2%. Among them, the factory price of the chemical raw materials and chemical products manufacturing industry decreased by 4.7% year-on-year.
Disclaimer: The article contains content and pictures from the Internet, WeChat public accounts and other public channels. We maintain a neutral attitude towards the article, for reference and communication only. The copyright of the reprinted manuscript belongs to the original author and unit. If there is an infringement, please contact us to delete it.
Contact
Leave your information and we will contact you.
WhatsApp