In February this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 10.9 percent year on year, with the declining pace 0.8 percentage points slower compared to that recorded in January, while up 1.7 percent month on month, according to the data released by China's National Bureau of Statistics (NBS).
In the January-February period this year, China’s PPI for its ferrous metal smelting and rolling sector decreased by 11.3 percent year on year.
China's overall producer price index decreased by 1.4 percent year on year in February, while it remained stable month on month. Meanwhile, in February, Chinese industrial producers' purchase prices declined by 0.5 percent year on year and edged down by 0.2 percent compared to January. In the January-February period this year, China’s overall PPI decreased by 1.1 percent year on year, while Chinese industrial producers’ purchase prices dropped by 0.2 percent year on year.