In October this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 5.2 percent year on year, while edging down by 0.6 percent month on month, according to the data released by China's National Bureau of Statistics (NBS). In the January-October period this year, China’s PPI for its ferrous metal smelting and rolling sector decreased by 10.9 percent year on year.
China's overall producer price index (PPI) decreased by 2.6 percent year on year in October, while it remained stable month on month. Meanwhile, in October, Chinese industrial producers' purchase prices declined by 3.7 percent year on year and rose by 0.2 percent compared to September.
In the January-October period this year, China’s PPI decreased by 3.1 percent year on year, while Chinese industrial producers’ purchase prices dropped by 3.6 percent year on year.