According to data released by the National Bureau of Statistics (NBS) on July 9, China's Producer Price Index (PPI) for industrial products fell 0.4% month-on-month in June, matching the decline recorded in May. On a year-on-year basis, the PPI dropped by 3.6%, with the rate of decline widening by 0.3 percentage points compared to the previous month. The purchasing prices of industrial producers fell by 0.7% month-on-month and 4.3% year-on-year.
Key Sector Trends - June 2025:
Oil and Natural Gas Extraction: Prices rose by 2.6% month-on-month but declined 12.6% year-on-year.
Petroleum, Coal, and Other Fuel Processing: Prices decreased by 0.6% month-on-month and fell 13.5% year-on-year.
Chemical Raw Materials and Chemical Products Manufacturing: Prices dropped by 0.7% month-on-month and 6.1% year-on-year.
Chemical Fiber Manufacturing: Slight month-on-month increase of 0.1%, but a 7.7% decline year-on-year.
Rubber and Plastics Products: Prices edged down 0.3% month-on-month and declined 2.2% year-on-year.
Purchasing Prices - June 2025:
Fuel and Power Materials: Down 10.4% month-on-month and 2.0% year-on-year.
Chemical Raw Materials: Fell 6.2% month-on-month and 0.7% year-on-year.
Textile Raw Materials: Declined 2.4% month-on-month and 0.1% year-on-year.
Cumulative Performance - First Half of 2025:
Oil and Natural Gas Extraction: Prices fell 9.6% year-on-year.
Petroleum, Coal, and Other Fuel Processing: Down 9.8% year-on-year.
Chemical Raw Materials and Products Manufacturing: Decreased 4.4% year-on-year.
Chemical Fiber Manufacturing: Dropped 5.6% year-on-year.
Rubber and Plastics Products: Down 1.7% year-on-year.