NBS: The PPI in September Rose 10.7% YoY, the Fastest since 1995

Published: Oct 14, 2021 13:50

Save

In September 2021, the national ex-factory prices of industrial producers rose by 10.7% year-on-year and 1.2% month-on-month; the purchase prices of industrial producers rose 14.3% year-on-year and 1.1% month-on-month. On an average basis from January to September, the ex-factory prices of industrial producers rose by 6.7% over the same period last year, and the purchasing prices of industrial producers rose by 9.3%.

SHANGHAI, Oct 14 (SMM) - In September 2021, the national ex-factory prices of industrial producers rose by 10.7% year-on-year and 1.2% month-on-month; the purchase prices of industrial producers rose 14.3% year-on-year and 1.1% month-on-month. On an average basis from January to September, the ex-factory prices of industrial producers rose by 6.7% over the same period last year, and the purchasing prices of industrial producers rose by 9.3%.

On the year-on-year basis, among the ex-factory prices of industrial producers, the prices of means of production rose by 14.2%, bringing up the index by approximately 10.60 percentage points. Among them, the prices of mining industry increased by 49.4%, the prices of raw material industry increased by 20.4%, and the prices of processing industry increased by 8.9%. The prices of means of subsistence rose by 0.4%, bringing up the index by about 0.11 percentage points. Among them, the prices of food rose by 0.7%, the prices of clothing and general daily necessities both rose by 0.4%, and the prices of consumer durables rose by 0.2%.

Among the purchasing prices of industrial producers, the prices of fuel and power rose by 30.3%, the prices of ferrous metal materials climbed by 23.3%, the prices of non-ferrous metal materials and wires rose by 22.6%, and the prices of chemical raw materials rose by 20.7%.

On the month-on-month basis, among the ex-factory prices of industrial producers, the prices of means of production rose by 1.5%, bringing up the index by approximately 1.16 percentage points. Among them, the prices of mining industry increased by 5.5%, the prices of raw material industry increased by 1.9%, and the prices of processing industry increased by 0.9%. The prices of subsistence materials remained flat. Among them, the prices of food and general daily necessities both fell by 0.a%, the prices of clothing rose by 0.2%, and the prices of consumer durables were flat.

Among the purchasing prices of industrial producers, the prices of fuel and power rose by 3.9%, the prices of non-ferrous metal materials and wires rose by 1.7%, the prices of chemical raw materials rose by 1.0%, and the price of ferrous metal materials fell by 0.9%.

PPI

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

41 mins ago

Zambia RDA Chipoma 3,000 t/y Hydrometallurgical Plant Launches, Produces High-Quality Cathode Copper

The full-line connection and operation launch ceremony of the Zambia RDA Chipoma 3,000 t/y Hydrometallurgical Plant, constructed by China 15th Metallurgical Construction Group, was grandly held at the RDA Mining Area in Kasempa, Northwestern Province, Zambia, celebrating the successful production of high-quality cathode copper from the project.

41 mins ago

1 hour ago

Zambian Road Disruption Hinders Congo Ore Exports LME and SHFE Copper Both Close Lower [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Summary: Overnight, LME copper opened and peaked at $13,390/mt. Subsequently, the center of copper prices gradually shifted downward, reaching a low of $13,072/mt near the end of the session, and finally closed at $13,084.5/mt, with a decline of 1.59%. The trading volume reached 27,800 lots, and the open interest stood at 312,000 lots, a decrease of 3,474 lots from the previous trading day, mainly due to the reduction in long positions. The most-traded SHFE copper 2604 contract opened at 103,320 yuan/mt, initially rising to 103,630 yuan/mt. Thereafter, the price fluctuated downward, hitting a low of 102,250 yuan/mt near the end of the session, and ultimately closed at 102,280 yuan/mt, marking a decline of 1.23%. The trading volume was 69,800 lots, and the open interest was 199,000 lots, a reduction of 979 lots from the previous trading day, also primarily due to the reduction in long positions.

1 hour ago

16 hours ago

SMM smelter copper anode days of inventories in February 2026 stood at 7.92, down 0.33 MoM

[SMM Copper Anode Update] Following the Chinese New Year holiday, smelters' raw material inventories of copper anode were somewhat depleted, but overall remained at a relatively high level. SMM smelter copper anode days of inventories in February 2026 stood at 7.92, down 0.33 MoM.

16 hours ago