According to data released by the National Bureau of Statistics, in October 2020, China’s industrial producer prices fell by 2.1% year-on-year and remained unchanged from the previous month; industrial producer purchasing prices fell by 2.4% year-on-year and rose 0.2% month-on-month. Among them, the ex-factory prices of chemical raw materials and chemical products manufacturing industry fell by 6% year-on-year and rose by 1.1% year-on-year.

　　As China's industrial production continued to recover, the prices of industrial production remained stable in October. From a month-on-month perspective, PPI changed from a slight increase last month to flat. Among them, the price of means of production rose by 0.1%, and the rate of increase fell by 0.1 percentage point; the price of means of subsistence fell by 0.1%, the same rate of decline as last month. Looking at the 40 industrial sectors surveyed, 12 saw price increases, 3 less than the previous month; 18 declined, 1 decreased, and 10 remained unchanged, 4 increased. Among them, due to the decrease in temperature in the north, the demand for heating has gradually increased. The prices of coal mining and washing industry, gas production and supply industry rose by 2.1% and 0.4% respectively; the prices of chemical raw materials and chemical products manufacturing rose by 1.1%, and the chemical fiber manufacturing industry Prices rose by 1.0%, textile, paper and paper products, and non-metallic mineral products all rose by 0.3%. Affected by the volatility of international crude oil prices, the prices of petroleum and natural gas extraction industries fell by 4.9%, and the prices of petroleum, coal and other fuel processing industries fell by 1.6%. In addition, the prices of non-ferrous metal smelting and rolling processing industry, ferrous metal smelting and rolling processing industry fell 0.3% and 0.1% respectively.

　　 From a year-on-year perspective, PPI fell by 2.1%, the same rate as last month. Among them, the price of means of production fell by 2.7%, and the rate of decline narrowed by 0.1 percentage point; the price of means of living fell by 0.5%, and the rate of decline expanded by 0.4 percentage point. Among the major industries, coal mining and washing industries had a narrower price drop, which fell 5.5%, or 2.0 percentage points; gas production and supply, fell 5.4%, or 0.1 percentage points. The oil and natural gas mining industry, which dropped by 30.4%, expanded by 4.2 percentage points; the oil, coal and other fuel processing industries, fell by 18.5%, and expanded by 1.6 percentage points. In addition, the price of non-ferrous metal smelting and rolling processing industry rose by 2.9

　　In the purchase price of industrial producers, the price of fuel and power dropped by 9.9% year-on-year and 0.3% month-on-month; the price of chemical raw materials dropped by 7.0% year-on-year and 0.9% month-on-month.

　　 On average from January to October, the ex-factory price of industrial producers fell by 2.0% over the same period last year, and the purchase price of industrial producers fell by 2.6%.