In May this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 16.8 percent year on year, while down 4.2 percent month on month, according to the data released by China's National Bureau of Statistics (NBS). In the January-May period this year, China’s PPI for its ferrous metal smelting and rolling sector decreased by 12.8 percent year on year.
China's overall producer price index (PPI) decreased by 4.6 percent year on year in May, while it edged down by 0.9 percent month on month. Meanwhile, in May, Chinese industrial producers' purchase prices declined by 5.3 percent year on year and decreased by 1.1 percent compared to April.
In the January-May period this year, China’s PPI decreased by 2.6 percent year on year, while Chinese industrial producers’ purchase prices dropped by 2.3 percent year on year.