Home » National Bureau of Statistics: Relevant departments intensify efforts to ensure supply and price stabilization in the market. Coal prices have dropped significantly | PPI | National Bureau of Statistics | Coal prices_ Sina News

National Bureau of Statistics: Relevant departments intensify efforts to ensure supply and price stabilization in the market. Coal prices have dropped significantly | PPI | National Bureau of Statistics | Coal prices_ Sina News

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Original title: National Bureau of Statistics: Relevant departments intensify efforts to ensure supply and price stability in the market, and coal prices have dropped significantly

Source: CCTV

The State Council Information Office held a press conference and invited Fu Linghui, spokesperson of the National Bureau of Statistics and Director of the Department of Comprehensive Statistics of the National Economy, to introduce the operation of the national economy in October 2021 and answer questions from reporters.

Text record:

Cover news reporter: We have noticed that the scissors gap between PPI and CPI in October has reached 12 percentage points, a record high. Excuse me, what is the reason behind this historical high? Some opinions predict that the current difference may have peaked. How does the National Bureau of Statistics view this? thanks.

Fu Linghui:

Thank you for your question. In October, the growth rates of CPI and PPI both expanded. Among them, CPI rose by 1.5% year-on-year, which was an increase of 0.8 percentage points from the previous month. PPI rose by 13.5% year-on-year, an increase of 2.8 percentage points from the previous month. From the perspective of the expansion of the increase, it is mainly due to the expansion of the PPI, which has caused the gap between the CPI and the PPI to expand.

From the perspective of the overall situation of PPI, the increase in PPI is mainly due to the price of production materials, especially the price increase in the upstream industry. In October, the price of the means of production in the PPI rose by 17.9% year-on-year, which affected the PPI by 13.36 percentage points, accounting for 99% of the overall PPI increase. Among them, the prices of extractive industries and raw material industries rose by 66.5% and 25.7% respectively, which was significantly higher than the increase in the prices of processing industries and subsistence materials in the middle and lower reaches.

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From the perspective of influencing factors, the expansion of PPI growth is mainly due to two factors: one is the imported impact of rising international commodity prices. Recently, international energy supply and demand have been tight, and prices have continued to rise. In October, international energy prices rose by 16.1% month-on-month, which affected the price increase in the domestic petrochemical industry. In October, the petroleum, coal and other fuel processing industries in the PPI rose by 53% year-on-year, and the prices of chemical raw materials and chemical products manufacturing rose by 31.5%. The second is the impact of tight supply in some domestic coal and metal industries. In October, the price of coal mining and washing industry in the PPI increased by 103.7% year-on-year, and the price of steel increased by 39.9%.

In the face of rising international bulk commodity prices and tight supply in some domestic industries, the central government attaches great importance to this problem, and relevant departments have introduced a series of measures to increase the market’s efforts to maintain supply and stabilize prices. At present, the effect is gradually showing, the supply of major energy products is also increasing, and the price situation has improved. Judging from the price situation in the circulation sector in late October and early November, coal prices have seen a relatively significant decline from the previous month. thanks.

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