Ex-factory prices of industrial products fell by 4.5% year-on-year in February

March 29, 2023

In the ex-factory price of industrial products, the ex-factory price of production materials decreased by 5.7% year-on-year. Among them, the mining industry fell by 17.4%, the raw material industry fell by 8.4%, and the processing industry fell by 3%. The ex-factory price of living materials dropped slightly by 0.4% year-on-year. Among them, the price of foodstuffs fell by 0.7%, the prices of clothing and general daily necessities rose by 0.6%, and the category of durable consumer goods fell by 1.9%.

Look at the varieties:

-- The ex-factory price of crude oil fell by 56.3% year-on-year. The ex-factory prices of gasoline, kerosene and diesel in refined oil products decreased by 0.5%, 26.4% and 11.4% respectively.

- In the Chemical Products price category, butadiene rubber prices fell 33.6 percent, polystyrene prices fell 30 percent and polyester filament prices fell 25.3 percent.

-- The ex-factory price of coal mining and washing industry rose by 18.8% year-on-year. Among them, the ex-factory price of raw coal rose by 18.7%.

-- The ex-factory price of ferrous metal smelting and rolling processing industry decreased by 8.9% year-on-year. Among them, the price of ordinary large steel fell by 6.3%, the average medium-sized steel fell by 11.1%, the ordinary small steel fell by 5.1%, the medium-thick steel fell by 16.4%, and the wire price fell by 14.7%.

-- The ex-factory price of non-ferrous metal smelting and rolling processing industry decreased by 25% year-on-year. Among them, aluminum decreased by 20.5%, copper decreased by 43.6%, lead decreased by 38.1%, and zinc decreased by 40.6%.

In addition, in the raw materials, fuel and power procurement prices, non-ferrous metal materials, fuel and power, Chemical raw materials, Chemical Industry and black materials procurement prices fell 29.7%, 10.9%, 8.3% and 6.3%, respectively.

From January to February, the ex-factory prices of Engineering Products fell by 3.9% year on year, and the purchase prices of raw materials, fuel and power fell by 6.2% year on year.

Chemical Industry