一、工业生产者价格同比变动情况 2025年8月份，全国工业生产者出厂价格同比下降2.9%，降幅比上月收窄0.7个百分点，环比由下降0.2%转为持平。工业生产者购进价格同比下降4.0%，环比 持平。1—8月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者购进价格下降3.3%。 二、工业生产者价格环比变动情况 8月份，工业生产者出厂价格中，生产资料价格上涨0.1%，影响工业生产者出厂价格总水平上涨约0.08个百分点。其中，采掘工业价格上涨1.3%，原材料工 业价格上涨0.2%，加工工业价格持平。生活资料价格下降0.1%，影响工业生产者出厂价格总水平下降约0.03个百分点。其中，食品价格上涨0.1%，衣着价格 持平，一般日用品价格下降0.2%，耐用消费品价格下降0.3%。 工业生产者购进价格中，建筑材料及非金属类价格下降1.4%，化工原料类和农副产品类价格均下降0.4%；燃料动力类价格上涨0.7%，黑色金属材料类价格 上涨0.6%，有色金属材料及电线类、纺织原料类价格均上涨0.1%。 | | 环比涨跌幅 | 同比涨跌幅 | 1—8月 | | | --- | --- | --- | --- | --- | ...

2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%；食品价格下降4.3%，非食品价格上涨0.5%；消费品价格下降1.0%， 服务价格上涨0.6%。1—8月平均，全国居民消费价格比上年同期下降0.1%。 8月份，全国居民消费价格环比持平。其中，城市持平，农村上涨0.1%；食品价格上涨0.5%，非食品价格下降0.1%；消费品价格上涨0.1%，服务价格持平。 一、各类商品及服务价格同比变动情况 8月份，食品烟酒类价格同比下降2.5%，影响CPI（居民消费价格指数）下降约0.72个百分点。食品中，鲜菜价格下降15.2%，影响CPI下降约0.37个百分点； 蛋类价格下降12.4%，影响CPI下降约0.08个百分点；畜肉类价格下降8.0%，影响CPI下降约0.25个百分点，其中猪肉价格下降16.1%，影响CPI下降约0.24个 百分点；鲜果价格下降3.7%，影响CPI下降约0.08个百分点；粮食价格下降0.8%，影响CPI下降约0.01个百分点；水产品价格上涨2.2%，影响CPI上涨约0.04 个百分点。 其他七大类价格同比六涨一降。其中，其他用品及服务、衣着、生活用品及服务价格 ...

大同混煤（大同产混煤，热值5800大卡）价格为739.7元/吨，较上期上涨6.3元/吨，涨幅0.9%。 焦煤（主焦煤，含硫量<1%）价格为1425.0元/吨，与上期持平。 从上述数据可以看出，8月下旬，无烟煤价格调转下跌；动力煤价格走势出现分化，低卡煤走弱，高卡 煤延续涨势；焦煤价格继续持稳运行。 普通混煤（山西粉煤与块煤的混合煤，热值4500大卡）价格557.4元/吨，较上期下跌7.1元/吨，跌幅 1.3%。 山西大混（质量较好的混煤，热值5000大卡）价格为625.3元/吨，较上期下跌4.2元/吨，跌幅0.7%。 山西优混（优质的混煤，热值5500大卡）价格为701.7元/吨，较上期上涨6.6元/吨，涨幅0.9%。 此外，8月下旬，全国焦炭（准一级冶金焦，12.01%≤灰分≤13.50%）价格1439.3元/吨，较上期上涨61.6 元/吨，涨幅4.5%。 国家统计局公布的数据显示，8月下旬，全国各煤种价格涨跌平互现。各煤种具体价格变化情况如下： 无烟煤（洗中块，挥发份≤8%）价格853.0元/吨，较上期下跌17.0元/吨，跌幅2.0%。 ...

Core Insights - The national statistics indicate mixed trends in steel prices across the market as of late August 2025, with various categories experiencing price declines compared to the previous period [1] Price Summary - Rebar (Φ20mm, HRB400E) is priced at 3218.2 CNY/ton, down 42.8 CNY/ton, a decrease of 1.3%, which is an increase in the decline rate by 1.1 percentage points from the previous period [1] - Wire rod (Φ8-10mm, HPB300) is priced at 3356.5 CNY/ton, down 48.9 CNY/ton, a decrease of 1.4%, with the decline rate increasing by 0.9 percentage points from the previous period [1] - Ordinary medium plate (20mm, Q235) is priced at 3525.8 CNY/ton, down 15.5 CNY/ton, a decrease of 0.4%, contrasting with a previous increase of 0.5% [1] - Hot-rolled ordinary plate coil (4.75-11.5mm, Q235) is priced at 3444.9 CNY/ton, down 37.4 CNY/ton, a decrease of 1.1%, compared to a previous increase of 0.5% [1] - Seamless steel pipe (219*6, 20) is priced at 4162.5 CNY/ton, down 10.0 CNY/ton, a decrease of 0.2% [1] - Angle steel (5) is priced at 3531.4 CNY/ton, down 17.1 CNY/ton, a decrease of 0.5%, contrasting with a previous increase of 0.3% [1]

Core Insights - The monitoring of prices for 50 important production materials across 9 categories in the national circulation market indicates a mixed trend in prices for August 2025, with 17 products experiencing price increases, 28 products seeing declines, and 5 remaining stable [1] Price Changes - Cotton (specifically, white cotton grade three) recorded a price of 14,756.3 yuan per ton, which represents an increase of 141.9 yuan per ton, equating to a growth rate of 1% compared to the previous period [1]

Core Insights - The monitoring of prices for 50 important production materials across 9 categories in the national circulation market indicates a mixed trend in prices for August 2025, with 17 products experiencing price increases, 28 products seeing price decreases, and 5 products remaining stable [1] Price Trends - The price of live pigs (external three yuan) is reported at 13.7 yuan per kilogram, reflecting a month-on-month decrease of 0.7% [1]

Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories indicates a mixed trend, with 17 products experiencing price increases, 28 seeing declines, and 5 remaining stable in late August 2025 compared to mid-August 2025 [1]. Price Changes Summary 1. Black Metals - Rebar (Φ20mm, HRB400E) decreased by 42.8 yuan to 3218.2 yuan, a drop of 1.3% - Wire rod (Φ8-10mm, HPB300) fell by 48.9 yuan to 3356.5 yuan, down 1.4% - Ordinary medium plate (20mm, Q235) decreased by 15.5 yuan to 3525.8 yuan, a decline of 0.4% - Hot-rolled ordinary plate (4.75-11.5mm, Q235) dropped by 37.4 yuan to 3444.9 yuan, down 1.1% - Seamless steel pipe (219*6, 20) fell by 10.0 yuan to 4162.5 yuan, a decrease of 0.2% - Angle steel (5) decreased by 17.1 yuan to 3531.4 yuan, down 0.5% [3]. 2. Non-Ferrous Metals - Electrolytic copper (1) increased by 59.6 yuan to 79237.1 yuan, up 0.1% - Aluminum ingot (A00) rose by 107.6 yuan to 20741.4 yuan, an increase of 0.5% - Lead ingot (1) increased by 38.8 yuan to 16735.7 yuan, up 0.2% - Zinc ingot (0) decreased by 201.3 yuan to 22200.0 yuan, down 0.9% [3]. 3. Chemical Products - Sulfuric acid (98%) fell by 1.2 yuan to 717.2 yuan, a decrease of 0.2% - Caustic soda (liquid, 32%) increased by 26.4 yuan to 896.1 yuan, up 3.0% - Methanol (first grade) decreased by 37.2 yuan to 2228.8 yuan, down 1.6% - Pure benzene (industrial grade) fell by 90.7 yuan to 6047.6 yuan, down 1.5% - Styrene (first grade) decreased by 7.7 yuan to 7277.9 yuan, down 0.1% - Polyethylene (LLDPE) increased by 24.9 yuan to 7467.6 yuan, up 0.3% - Polypropylene (fiber grade) decreased by 56.1 yuan to 6953.1 yuan, down 0.8% - Polyvinyl chloride (SG5) fell by 67.0 yuan to 4809.5 yuan, down 1.4% - Styrene-butadiene rubber (BR9000) increased by 118.4 yuan to 11697.6 yuan, up 1.0% - Polyester filament (POY150D/48F) rose by 108.9 yuan to 6871.4 yuan, up 1.6% [3]. 4. Oil and Natural Gas - Liquefied natural gas (LNG) decreased by 90.7 yuan to 3951.6 yuan, down 2.2% - Liquefied petroleum gas (LPG) increased by 67.0 yuan to 4433.8 yuan, up 1.5% - Gasoline (95 National VI) fell by 40.2 yuan to 8469.3 yuan, down 0.5% - Gasoline (92 National VI) decreased by 43.8 yuan to 8192.8 yuan, down 0.5% - Diesel (0 National VI) fell by 37.5 yuan to 7047.8 yuan, down 0.5% - Paraffin (58 half) remained unchanged at 7672.5 yuan [3]. 5. Coal - Anthracite (washed lump) decreased by 17.0 yuan to 853.0 yuan, down 2.0% - Common mixed coal (4500 kcal) fell by 7.1 yuan to 557.4 yuan, down 1.3% - Shanxi large mixed coal (5000 kcal) decreased by 4.2 yuan to 625.3 yuan, down 0.7% - Shanxi superior mixed coal (5500 kcal) increased by 6.6 yuan to 701.7 yuan, up 0.9% - Datong mixed coal (5800 kcal) rose by 6.3 yuan to 739.7 yuan, up 0.9% - Coking coal (main coking coal) remained unchanged at 1425.0 yuan - Coke (quasi-first-grade metallurgical coke) increased by 61.6 yuan to 1439.3 yuan, up 4.5% [3]. 6. Non-Metallic Building Materials - Ordinary Portland cement (P.O 42.5 bagged) decreased by 2.6 yuan to 346.0 yuan, down 0.7% - Ordinary Portland cement (P.O 42.5 bulk) increased by 0.4 yuan to 272.8 yuan, up 0.1% - Float glass (4.8/5mm) fell by 25.4 yuan to 1190.8 yuan, down 2.1% [3]. 7. Agricultural Products - Rice (glutinous rice) remained unchanged at 4037.0 yuan - Wheat (national standard grade three) decreased by 4.9 yuan to 2420.7 yuan, down 0.2% - Corn (yellow corn grade two) fell by 16.8 yuan to 2300.9 yuan, down 0.7% - Cotton (lint, white cotton grade three) increased by 141.9 yuan to 14756.3 yuan, up 1.0% - Live pigs (external three yuan) decreased by 0.1 yuan to 13.7 yuan per kilogram, down 0.7% - Soybeans (yellow soybeans) fell by 20.4 yuan to 4422.7 yuan, down 0.5% - Soybean meal (crude protein content ≥43%) increased by 1.8 yuan to 3051.1 yuan, up 0.1% - Peanuts (oil peanuts) decreased by 2.4 yuan to 7564.3 yuan, unchanged [4]. 8. Agricultural Production Materials - Urea (medium and small particles) decreased by 6.3 yuan to 1759.9 yuan, down 0.4% - Compound fertilizer (potassium sulfate compound fertilizer, nitrogen, phosphorus, and potassium content 45%) remained unchanged at 3180.0 yuan - Pesticides (glyphosate, 95% raw material) increased by 110.7 yuan to 27085.7 yuan, up 0.4% [4]. 9. Forest Products - Natural rubber (standard rubber SCRWF) increased by 128.0 yuan to 14790.5 yuan, up 0.9% - Pulp (imported needle leaf pulp) decreased by 90.3 yuan to 5677.6 yuan, down 1.6% - Corrugated paper (AA grade 120g) increased by 63.8 yuan to 2704.5 yuan, up 2.4% [4].

Financial Performance Summary - The total revenue for the coal industry decreased by 21.8% compared to the same period last year, amounting to 14375.4 billion yuan [1] - The total cost of sales also saw a decline of 14.5%, reaching 10486.5 billion yuan [1] - The total profit after subsidies dropped significantly by 55.2%, totaling 1666.2 billion yuan [1] Key Financial Indicators - Accounts receivable increased to 5147.7 billion yuan, a rise of 3.2% year-on-year [1] - The average balance of current assets was reported at 34270.8 billion yuan, down by 1.5% [1] - Total assets amounted to 78587.3 billion yuan, reflecting an increase from the previous year's 77314.2 billion yuan [1] Liabilities and Expenses - Total liabilities increased by 3.5%, reaching 47741.4 billion yuan [1] - Selling expenses decreased by 12.6%, amounting to 224.7 billion yuan [1] - Management expenses also fell by 10.9%, totaling 929.8 billion yuan [1] Industry Overview - The asset-liability ratio slightly increased to 60.7% from 59.7% [1] - The number of large-scale coal enterprises reported was 5175, an increase of 83 compared to the previous year [1]

Core Viewpoint - The manufacturing Purchasing Managers' Index (PMI) in China for August is 49.4%, indicating a slight improvement in manufacturing sentiment compared to the previous month [1] Summary by Categories Overall PMI Performance - The manufacturing PMI increased by 0.1 percentage points from the previous month, reflecting a slight recovery in the manufacturing sector [1] By Enterprise Size - Large enterprises reported a PMI of 50.8%, up 0.5 percentage points from last month, indicating expansion above the neutral level [1] - Medium enterprises had a PMI of 48.9%, down 0.6 percentage points, remaining below the neutral level [1] - Small enterprises recorded a PMI of 46.6%, an increase of 0.2 percentage points, but still below the neutral level [1] Component Indices - The production index stands at 50.8%, up 0.3 percentage points, suggesting accelerated production expansion in the manufacturing sector [1] - The new orders index is at 49.5%, an increase of 0.1 percentage points, indicating a slight improvement in market demand [1] - The raw materials inventory index is at 48.0%, up 0.3 percentage points, still below the neutral level, showing a narrowing decline in major raw material inventories [1] - The employment index is at 47.9%, down 0.1 percentage points, indicating a slight decline in employment sentiment within manufacturing [1] - The supplier delivery time index is at 50.5%, up 0.2 percentage points, indicating that the delivery times from raw material suppliers are continuing to improve [1]

Group 1: Manufacturing Sector - The manufacturing Purchasing Managers' Index (PMI) rose to 49.4% in August, indicating a slight improvement in economic conditions compared to the previous month [1] - The production index increased to 50.8%, remaining above the critical point for four consecutive months, signaling accelerated manufacturing production [2] - The new orders index reached 49.5%, showing a marginal increase, with notable performance in the pharmaceutical and computer communication sectors [2] - The procurement activities have accelerated, with the procurement volume index rising to 50.4% [2] - The price indices for major raw materials and factory prices increased to 53.3% and 49.1%, respectively, indicating an overall improvement in market price levels [2] Group 2: Non-Manufacturing Sector - The non-manufacturing business activity index rose to 50.3%, continuing to show expansion [4] - The service sector's business activity index reached 50.5%, marking a significant recovery and the highest point of the year [4] - Certain industries, such as capital market services and transportation, reported business activity indices above 60.0%, indicating robust growth [4] - The construction sector's business activity index fell to 49.1% due to adverse weather conditions, reflecting a slowdown in production [4] Group 3: Overall Economic Outlook - The comprehensive PMI output index increased to 50.5%, indicating an overall acceleration in production and business activities across sectors [5] - The production index for manufacturing and the business activity index for non-manufacturing were 50.8% and 50.3%, respectively, contributing to the positive outlook [5] - The production and operational activity expectation index rose to 53.7%, suggesting increased confidence among manufacturing enterprises regarding future market conditions [3]