China's industrial producer gate prices fell 2.2% year-on-year in November: Chinese report

According to data recently released by the National Bureau of Statistics, China's industrial producers' shipping prices in November fell 2.2% compared to the same month last year and rose 0.1% compared to the previous month.
Prices fell 2.5% compared to the same month last year and rose 0.1% compared to the previous month. Looking at the average prices from January to November, shipping prices fell 2.7% compared to the same period last year, and purchasing prices fell 3.1%.
Looking at the November industrial producer shipping prices compared to the same month last year, shipping prices fell by about 1.79 points, affected by a 2.4% drop in production material prices. In addition, prices of daily necessities fell by 1.5%.
Among purchasing prices, fuel and power prices fell 6.9%, construction materials and non-metal prices fell 5.8%, and raw materials for the chemical industry fell 1.2%.
Prices of materials decreased by 5.0%, agricultural by-products decreased by 4.9%, ferrous metal materials decreased by 3.0%, textile raw materials decreased by 1.9%, and non-ferrous metal materials and electrical wires increased by 8.1%.
Compared to the previous month, shipping prices rose by about 0.08 points, influenced by a 0.1% increase in production material prices. Prices of daily necessities remained flat.
Among purchasing prices, non-ferrous metal materials and electric wire prices increased by 1.8%, construction materials and non-metallic materials prices increased by 0.2%, fuel and power prices increased by 0.1%, and raw materials for the chemical industry increased by 0.2%.
Prices of agricultural by-products decreased by 0.3%, textile raw materials prices decreased by 0.3%, and ferrous metal materials prices decreased by 0.2%.