In October this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector increased by 0.4 percent year on year, compared to a year-on-year drop of 0.2 percent recorded in September, while remaining stable month on month, shifting from a month-on-month rise of 0.2 percent recorded in September, reflecting a weak performance both month on month and year on year, according to the data released by China's National Bureau of Statistics (NBS).
Meanwhile, in the January-October period this year, China's PPI for its ferrous metal smelting and rolling sector decreased by 0.4 percent year on year, 0.1 percentage point slower compared to the declining pace recorded in the January-September period.
In October, China's overall PPI increased by 5.7 percent year on year and by 0.7 percent month on month. Also in October, Chinese industrial producers' purchase prices rose by 7.9 percent year on year and by 1.1 percent compared to September.
In the first ten months this year, China's overall PPI increased by 2.7 percent year on year, while Chinese industrial producers' purchase prices rose by 4.0 percent year on year.
