In September 2023, the factory prices of industrial producers nationwide decreased by 2.5% year-on-year and increased by 0.4% month on month; The purchasing prices of industrial producers decreased by 3.6% year-on-year and increased by 0.6% month on month. From January to September, on average, the factory price of industrial producers decreased by 3.1% compared to the same period last year, while the purchase price of industrial producers decreased by 3.6%. Among the ex factory prices of industrial producers, the price of means of production decreased by 3.0%, affecting the overall level of ex factory prices of industrial producers by about 2.45 percentage points. Among them, the prices of the mining industry decreased by 7.4%, while the prices of the raw material industry and the processing industry both decreased by 2.8%. Among the purchasing prices of industrial producers, the prices of chemical raw materials decreased by 7.3%, the prices of fuel and power products decreased by 7.0%, and the rubber and plastic products industry decreased by 3.4%.
The prices of the processing industry and the raw material industry continued to decline year-on-year, and the difference between the two narrowed, with both narrowing compared to the previous month. From the perspective of segmented industries, the prices of plastic products and synthetic materials have also decreased, and the difference between the two has also narrowed compared to last month. As analyzed in previous periods, downstream profits have reached a periodic peak and then began to decline, indicating that both raw material and product prices have started to rise, and the recovery process of product prices is slower than that of raw materials. The price of polyolefin raw materials is exactly like this. The bottom rate in the first half of the year is likely to be the bottom of the year, and after a period of increase, it begins to fluctuate periodically.
Post time: Oct-23-2023