Core Insights - In September, the national production material market prices decreased by 0.7% month-on-month [1] Price Trends by Category - The price of finished oil decreased by 1.7% month-on-month and 5.2% year-on-year, with specific declines in 95 gasoline, 0 diesel, and 92 gasoline of 1.8%, 1.8%, and 1.7% respectively [2] - Steel prices fell by 1.5% month-on-month and 4.2% year-on-year, with ordinary high-speed wire, rebar, and welded steel pipes decreasing by 1.8%, 1.7%, and 1.1% respectively [2] - Fertilizer prices decreased by 1.2% month-on-month and 7.7% year-on-year, with urea and compound fertilizer prices falling by 1.4% and 0.3% respectively [3] - Coal prices increased slightly by 0.1% month-on-month but decreased by 10.0% year-on-year, with coking coal and No. 2 smokeless lump coal rising by 2.9% and 0.2% respectively, while thermal coal prices fell by 0.4% [3] - Non-ferrous metal prices rose by 1.0% month-on-month and 5.8% year-on-year, with copper and aluminum increasing by 1.8% and 0.2% respectively, while zinc prices decreased by 1.1% [3]

Core Insights - The National Bureau of Statistics reported on the price changes of important production materials in circulation as of mid-August 2025, indicating a mixed trend in market prices [1] Price Changes Summary - Among the 50 monitored important production materials across 9 categories, 27 products saw price increases, 17 experienced declines, and 6 remained stable [1] - Notable price increases included ordinary mixed coal (4500 kcal) which rose by 4.3% and soybean meal (with crude protein content ≥43%) which increased by 2.6% [1] - Conversely, the price of live pigs (external three yuan) decreased by 0.7% [1]