In March this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector decreased by 2.5 percent year on year, 0.9 percentage points slower compared to the declining pace recorded in February, while edging up by 0.3 percent month on month, according to the data released by China's National Bureau of Statistics (NBS). Meanwhile, in the January-March period this year, China's PPI for its ferrous metal smelting and rolling sector decreased by 3.2 percent year on year.
China's overall PPI increased by 0.5 percent year on year in March, while it rose by 1.0 percent month on month. Also in March, Chinese industrial producers' purchase prices rose by 0.8 percent year on year and increased by 1.2 percent compared to February this year.
In the first three months this year, China's overall PPI decreased by 0.6 percent year on year, while Chinese industrial producers' purchase prices declined by 0.5 percent year on year.
