The factory price of industrial products rose sharply in September

According to the monthly situation report of the National Bureau of Statistics, in September, the prices of crude oil, refined oil and chemical products rose sharply, and the prices of coal, steel, and non-ferrous metals continued to rise. The ex-factory price of industrial products rose 7.9% from the same month of last year, or an increase of 8%. The month increased by 1.1 percentage points. Judging from the month-on-month price changes reflecting the spot price changes, the ex-factory price of industrial products in September rose by 1.1% from the previous month, an increase of 0.5% over August. The price of means of production rose significantly. Compared with the same month of last year, the ex-factory price of means of production rose by 10.2% in September, an increase of 1.5 percentage points from August, affecting the overall level of ex-factory prices of industrial products by approximately 7.5 percentage points. The ex-factory price of living materials rose by 1.7% from the same month of last year, and the increase rate was 0.1% higher than that in August, which affected the total level of the ex-factory price of industrial products by about 0.4%. From the month-on-month price changes, the ex-factory prices of production materials rose significantly, and the ex-factory prices of living materials decreased. In September, the ex-factory price of means of production rose by 1.5% from the previous month, an increase of 0.7% from August; the ex-factory price of living materials decreased slightly, by 0.1% from the previous month. Crude oil and refined oil prices continue to rise. The ex-factory price of crude oil rose by 20.4% over the same month of last year, which affected the total level of ex-factory prices of industrial products by about 0.7 percentage points. Gasoline, diesel and kerosene in refined oil products rose by 19.2%, 25.6% and 37.5%, respectively, which were higher than those in August. Chemical product prices rose sharply. Compared with the same month of last year, among the ex-factory prices of synthetic materials and chemical fiber products, polystyrene rose by 40%, butadiene butadiene rubber rose by 13.9%, polyester filament rose by 12.3%, viscose fiber rose by 7.7%, and urea ex-factory price in chemical fertilizers. Rose 24.9%. Coal prices continue to rise. Compared with the same month of last year, the ex-factory price of coal mining and washing industry rose by 20.5%, which was an increase of 1.9 percentage points from the increase in August. Among them, the original coal ex-factory price rose by 20.4%. The rise in steel prices has slowed. The ex-factory price of ferrous metal smelting and rolling processing industry was up 17.2% from the same month of last year, and the increase rate was 0.1% lower than that in August. From the month-on-month price changes, the increase in ex-factory price of ferrous metal smelting and rolling processing industry decreased by 0.8 percentage point in September from August. Non-ferrous metal prices continue to rise. Compared with the same month of last year, non-ferrous metal smelting and rolling processing industry rose by 20.3%, an increase of 0.5 percentage points over August. Among them, copper, aluminum, lead, zinc, antimony ex-factory prices rose between 8.8% -45.5%.