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China PPI Likely To Improve This Year

CHINA PRESS
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PPI could improve this year from 2023’s 3% y/y decline, as the economy gradually bottoms out and base effects fade, 21st Century Business Herald reported, citing Su Jian, director at the National Economic Research Center, at Peking University. Falling international commodity prices contributed to August's PPI drop of 1.8%. Non-ferrous metal prices will probably fluctuate upward with supply picking up and demand showing resilience. Ferrous-metal prices would remain constrained by shrinking demand, said Su.

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PPI could improve this year from 2023’s 3% y/y decline, as the economy gradually bottoms out and base effects fade, 21st Century Business Herald reported, citing Su Jian, director at the National Economic Research Center, at Peking University. Falling international commodity prices contributed to August's PPI drop of 1.8%. Non-ferrous metal prices will probably fluctuate upward with supply picking up and demand showing resilience. Ferrous-metal prices would remain constrained by shrinking demand, said Su.