China's PPI rose 0.1% in October from the previous month, marking the first increase this year - Chinese media

A representative from the National Bureau of Statistics explained that China's industrial producer gate prices (PPI) for October increased due to the improvement in supply and demand in some domestic industries and the decline in prices of international bulk commodities.
The PPI rose 0.1% from the previous month, marking the first increase this year. Compared to the same month last year, it was down 2.1%. The decline narrowed by 0.2 points from September, marking the third consecutive month of decline.
Looking at this month's PPI compared to the previous month, one of the main features is that the improvement in the supply-demand balance has led to price increases in some industries. Coal mining and cleaning increased by 1.6%, and coal
The processing industry grew by 0.8% and the solar power equipment and parts manufacturing industry grew by 0.6%, both of which grew for the second consecutive month. Other industries included cement manufacturing, which grew by 1.6%, computer manufacturing, which grew by 0.5%, and the rich
The Eon battery manufacturing industry increased by 0.2% and the integrated circuit manufacturing industry increased by 0.2%, both of which turned from a decline to an increase. The second feature is that overseas trends are affecting the prices of non-ferrous metals and petroleum-related industries in China.
The rise in international non-ferrous metal prices increased the prices of domestic non-ferrous metal mining industry by 5.3% and non-ferrous metal smelting and rolling processing industry by 2.4%. In addition, the rise in international crude oil prices
The decline caused prices for domestic oil and natural gas extraction to fall 2.3% and prices for refined petroleum products manufacturing to fall 0.8%.