International trends
In March, the ex factory prices of chemical raw materials and products increased by 11.4% year on year
On April 9, the National Bureau of statistics released the national PPI data for March 2021. Affected by the rise of international commodity prices and other factors, in March, China's industrial production ex factory prices rose by 4.4% year-on-year and 1.6% month on month. The purchase price of industrial production increased by 5.2% year on year and 1.8% month on month.
International crude oil prices continue to rise, driving domestic oil related industry prices. Among them, the price of oil and natural gas exploitation industry increased by 9.8% on a month on month basis, the price of oil, coal and other fuel processing industry increased by 5.7% on a month on month basis, and the price of chemical raw materials and chemical products manufacturing industry increased by 5.3% on a month on month basis, expanding by 2.3%, 0.8% and 3.2% respectively.