According to the National Bureau of Statistics, the producer price index a measure of inflation at the wholesale level fell 1.4%YoY in May, the lowest since November 2009.

For the first five months, the PPI fell 0.3%YoY while purchase prices for industrial producers rose 0.1%. The ex-factory price of means of production declined 2.1%YoY and the mining, raw materials and processing sectors reported 1.5%, 1.1% and 2.6% decreases in prices.

The purchase prices paid by industrial producers in the non-ferrous metals and chemical raw materials sectors dropped 6.2% and 3.8% respectively.

Source - capitalvue.com

(www.steelguru.com)