Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time: Nov 7 2018 9:12AM
Prices of most China's production goods decline
Text size
BEIJING, Nov. 5 (Xinhua) -- China's official data showed Monday that most major production goods monitored by the government posted lower prices in the last 10 days of October compared with the previous 10 days.

Of the 50 goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 28 goods saw their prices fall during the period, with 18 posting rising prices and four seeing their prices unchanged, according to the National Bureau of Statistics (NBS).

Prices of cement and coke picked up notably while chemicals such as styrene and polyester filament led the declines, according to the NBS. Prices of agricultural products including wheat, corn and soybeans gained.

The reading, released every 10 days, is based on a survey of nearly 1,700 wholesalers and distributors in 24 provinces and regions.

The data came after the country's producer price index, which measures costs of goods at the factory gate, rose 3.6 percent year on year in September, with the pace of growth down from 4.1 percent in August.
Related Articles
Non-public sector set for boost
Industrial output and investment rise, retail sales decline
Economic Watch: China's consumer inflation holds steady, factory
U.S. October PPI for final demand increases 0.6 pct
9 cities to ease entry for foreign companies
China's imports surge 26.3%, exports rise 20.1% in Oct
Central bank governor promises stronger support for private sector
Canton Fair concludes with more new buyers from B&R countries
China mulls bigger moves to cut taxes, fees
Manufacturing PMI in Oct stays stable
Polyester industrial chain in industry cycle
How much longer could the boom of PX to PTA last ?
Polyester feedstock market review in H1 2018 and outlook in ...