10月中国PPI环比年内首次上涨

Group 1 - In October, China's Producer Price Index (PPI) increased by 0.1% month-on-month, marking the first rise of the year due to improved supply-demand relationships and international commodity price transmission [1] - The coal mining and washing industry saw a month-on-month price increase of 1.6%, while coal processing prices rose by 0.8%. Prices for photovoltaic equipment and components increased by 0.6%, continuing an upward trend for over two months [1] - The prices in the non-ferrous metal and oil-related industries showed divergence due to input factors, with domestic non-ferrous metal mining prices rising by 5.3% and oil and gas extraction prices declining by 2.3% [1] Group 2 - Year-on-year, the PPI decreased by 2.1% in October, but the decline narrowed by 0.2 percentage points compared to the previous month, marking the third consecutive month of narrowing [2] - The coal mining and washing industry's year-on-year price decline narrowed by 1.2 percentage points due to increased capacity checks and safety regulations, along with rising winter storage and electricity demand [2] - The competitive order in the market is improving, leading to a gradual exit of backward production capacity, with year-on-year price declines in photovoltaic equipment, battery manufacturing, and automotive manufacturing narrowing by 1.4, 1.3, and 0.7 percentage points respectively [2]