China’s consumer inflation rises, producer prices fall in Dec
However, China’s December producer price index (PPI) dropped by 0.6% on the month and by 5.9% on the year, according to NBS’s data. December’s annual index was slightly above estimations, though still indicating a decline for the 46th consecutive month.
In December, China’s central bank reported that the country’s CPI may rise 1.7% on a yearly basis in 2016 while the PPI may decline 1.8% on the year.
Meanwhile, an official manufacturing purchasing managers’ index (PMI )released by the NBS showed that the country’s manufacturing index increased to a reading of 49.7 in December, which still showed a fifth month of contraction in line with Reuters economists’ expectations.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Freight rates near pre-Covid levels as pace of normalization accelerates
- Bleak outlook for Q1 keeps European PP, PE buyers sidelined
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov