en.Wedoany.com Reported - At a press conference held today by the State Council Information Office, a spokesperson for the National Bureau of Statistics stated that, driven by both international and domestic factors, industrial product prices have continued the gradual recovery trend seen since the second half of last year. Will the upward trend in PPI persist in the next stage? The NBS spokesperson provided analysis and responses on this matter.
The NBS spokesperson noted that in May, the Producer Price Index (PPI) rose by 3.9% year-on-year, expanding by 1.1 percentage points from the previous month, and maintained a month-on-month increase for eight consecutive months. This reflects the driving effect of industrial structure optimization and upgrading. The sustained release of demand for equipment upgrades in the manufacturing sector, coupled with rising prices of some raw materials, drove up prices in the ferrous metal smelting and rolling processing industry. The acceleration of electrification and the implementation of artificial intelligence applications, along with a significant surge in computing power demand, pushed up prices in industries such as non-ferrous metals, electronics, and electrical machinery.
Additionally, increased seasonal demand contributed to price recoveries in some industries. In May, prices in the coal mining and washing industry rose, mainly due to higher demand for coal stockpiling ahead of the summer peak season and increased non-power coal demand from sectors like chemicals and building materials.
The NBS spokesperson stated that internationally, crude oil prices have moderated but remain at high levels. Compared to May of the previous year, ex-factory prices in industries such as oil and gas extraction, petroleum processing, and chemicals still showed relatively significant increases in May this year. We will continue to strengthen tracking and monitoring of the imported impact of international energy price fluctuations on domestic prices. Looking ahead, the international environment remains complex and evolving, with considerable geopolitical uncertainties. However, China has strong energy supply security capabilities, increasingly diversified import channels, and a deepening clean energy transition, providing a solid foundation and conditions to cope with external market fluctuations.
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