Ex-Factory Price of Industrial Goods up by 1.9% in November

In November, the ex-factory price of industrial goods held over an up-trend, and the growth rate was promoted due to the price rise of principal production materials, such as ferrous metal, non-ferrous metal, etc. The ex-factory price of industrial goods was up by 1.9% over the same period of the previous year.

1. The ex-factory price of production goods was up by 2.7% over the same month of the previous year, driving the ex-factory price of industrial goods up by nearly 2%. Influenced by the price rise of principal production materials, the ex-factory price inextractive industry, raw material industry and processing industry was recovered at varying degrees, up by 4.4%, 4.2% and 1.6% respectively over the same month of the previous year, and the growth rate was up by 0.1%, 0.8% and 0.7% over that in October.

As to prime products:

-the price of steel products kept on growing in large scale. Along with the world economy recovery and the sustained and healthy development of China's economy, the realty, automobile, shipping, home electric appliance, and machine manufacturing have been developing fast, which demands more steel products, in addition, the price rise of raw materials of steel products, such as iron stones, refined iron powders, coal, etc, also boosted the price rise of steel products in large scale. In November, the price in extracting and dressing of ferrous metal mines was up by 30.1% over the same month of the previous year, wherein that of iron stones rose by 36% and that of refined iron powder rose by 20.9%. The price in ferrous metal smelting and extrusion rose by 13.4% over the same period of the previous year, wherein that of common large shape rose by 18.1%, medium section rose by 20.5%, small steel shape rose by 17.6%, wire stock rose by 23.5% and plate iron rose by 21.7%.

-the ex-factory price of non-ferrous metal kept on growing steadily. In November, the ex-factory price of non-ferrous smelting and extrusion was up by 9.4% over the same month of the last year. Wherein the price of alumina and nickel oxide rose by 39.4% and 34.7% respectively, and that of copper, lead, zinc, tin, and aluminum also rose by 3.3%-19.4% respectively.

-since the first price rise of cement in last month, the price growth rate was further promoted in this month. As compared with the same month of the previous year, the rotary kiln ordinary Portland cement price rose by 6.2%, rotary kiln slag Portland cement price rose by 1.8%, vertical kiln ordinary Portland cement price rose by 9.9% and vertical kiln slag Portland cement price rose by 1.7%.

In addition, due to the electricity shortage in some areas and the advanced winter heating, the product oil, esp. diesel oil, was in short supply, particularly in Beijing, Tianjin and regions along the southeast coast. While the price rose of crude oil and product oil was not clear in this month due to the domestic product oil pricing mechanism, for the national industrial guiding price did not rise. The ex-factory price o crude oil in November rose by 2.6% over the same month of the previous year, and the growth rate was somewhat dropped. That of gasoline rose by 1.4% and that of diesel oil rose by 0.2%.

2. The ex-factory price of consumer goods dropped by 0.3% over the same period of the previous year and the falling rate was down by 0.8% over that in October, which drags the ex-factory price of industrial goods down by about 0.1%. Wherein the price of food rose by 2.9%, that of clothing rose by 0.1%, that of undurable goods dropped by 0.3%, and that of consumer durables dropped by 4.5%.

The price of agricultural and sideline food products enjoyed a fast growth. In November, the price of agricultural and sideline food products rose further, up by9.1% over the same period of the previous year and the growth rate was up by 5.1% over that in October. Wherein the price of Vegetable oil processing industry rose by 22.1%, that of processing of feedstuff rose by 9.2%, that of milling of grains rose by 8.5% and that of slaughter and meat curing rose by 7.7%.

3. Among the 39 industrial categories investigated, 27 presented a growing trend,69.2%, wherein extracting and dressing of ferrous metal mines enjoyed the highest growth rate, up by 30.1% over the same period of the previous year, the ferrous metal smelting and extrusion, non-ferrous smelting and extrusion, manufacturing of agricultural and non-staple foodstuff, extracting and dressing of non-ferrous metal ores and coal exploitation and washing also enjoyed a higher growth, up by 13.4%, 9.4%, 9.1%, 8.2% and 5.1% respectively over the same period of the previous year. Industries with a higher decreasing amplitude include manufacturing industry of communication equipment, computers and other electronic equipment and reproduction industry, down by 6.5% and 3.1% respectively.

During January-November, the ex-factory price of industrial goods rose by 2.3% in average over the same period of the previous year.