China's January PPI Falls for 11th Month-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Aluminium
  • Production data
  • Inventory data
  • Copper
  • Zinc
  • Sales data
  • Nickel
  • Stainless steel
  • Morning comments
  • Silicon metal
  • Nickel pig iron

China's January PPI Falls for 11th Month

Industry News 03:47:25PM Feb 08, 2013 Source:SMM

BEIJING, Feb. 8 (Xinhua) -- China's producer price index (PPI), which measures inflation at the wholesale level, fell 1.6 percent year on year in January, the National Bureau of Statistics said on Friday.

The drop marked the 11th straight month of declines after the PPI dropped in March 2012 for the first time since December 2009.

The decline was smaller than the 1.9-percent decrease registered in December and the 2.2-percent decrease seen in November, indicating that the economy's growth is stabilizing, analysts said.

On a month-on-month basis, the PPI reversed a dropping trend to grow 0.2 percent in January, according to the bureau.

The data came along with the consumer price index, a key gauge of inflation, which grew 2 percent year on year in January, down from 2.5 percent in December, due to a lower comparison base from last year.


 

Key Words:  China January PPI   China NBS  

Price

more
SMM #1 Nickel
Dec.11
109850.0
1050.0
(0.97%)
#1 JinChuan Nickel
Dec.11
111850.0
950.0
(0.86%)
#1 Import Nickel
Dec.11
107900.0
1250.0
(1.17%)
JinChuan B&C
Dec.11
8450.0
-450.0
(-5.06%)
Russian Nickel Premium
Dec.11
4500.0
-150.0
(-3.23%)

China's January PPI Falls for 11th Month

Industry News 03:47:25PM Feb 08, 2013 Source:SMM

BEIJING, Feb. 8 (Xinhua) -- China's producer price index (PPI), which measures inflation at the wholesale level, fell 1.6 percent year on year in January, the National Bureau of Statistics said on Friday.

The drop marked the 11th straight month of declines after the PPI dropped in March 2012 for the first time since December 2009.

The decline was smaller than the 1.9-percent decrease registered in December and the 2.2-percent decrease seen in November, indicating that the economy's growth is stabilizing, analysts said.

On a month-on-month basis, the PPI reversed a dropping trend to grow 0.2 percent in January, according to the bureau.

The data came along with the consumer price index, a key gauge of inflation, which grew 2 percent year on year in January, down from 2.5 percent in December, due to a lower comparison base from last year.


 

Key Words:  China January PPI   China NBS