Prices in China's Chemical Raw Materials and Chemical Products Manufacturing Sector Rose 12.7% Year-on-Year in May

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Data released by the National Bureau of Statistics on June 10 shows that in May 2026, China's producer prices for industrial products rose by 3.9% year-on-year and 0.5% month-on-month. Producer purchase prices rose by 5.8% year-on-year and 1.3% month-on-month.

In month-on-month terms, fluctuations in international crude oil prices caused price trends in related domestic industries to shift from rising to falling or saw the pace of increases slow down. Prices to oil extraction shifted from a 24.1% increase in the previous month to a 1.8% decline, while prices to refined petroleum product manufacturing shifted from a 19.0% increase to a 0.3% decline. Prices to the manufacture of chemical raw materials and chemical items, chemical fibers, and rubber and plastic items rose by 2.0%, 1.5%, and 1.5% respectively; the rates of increase slowed by 6.3, 4.1, and 0.2 percentage points, respectively, compared to the previous month.

In year-on-year terms, prices in the oil and gaseous extraction sector, the processing of petroleum, coal, and other fuels sector, and the chemical raw material and chemical product manufacturing sector rose by 35.7%, 18.4%, and 12.7%, respectively.

Regarding producer purchase prices in might, prices to chemical raw materials rose 11.8% year-on-year and 4.2% month-on-month; prices to fuel and power rose 10.0% year-on-year and 2.7% month-on-month; and prices to textile raw materials rose 2.5% year-on-year and 1.0% month-on-month.

to the January–might period, producer prices to manufacturing items rose by 1.0% year-on-year, while producer purchase prices rose by 1.6%.

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