中国统计信息服务中心 卓创资讯 据对全国流通领域9大类50种重要生产资料市场价格的监测显示，2025年11月下旬与11月中旬相比，15 种产品价格上涨，30种下降，5种持平。 2025年11月下旬流通领域重要生产资料市场价格变动情况 铅锭(1#) 吨 | | | 16979.2 | | --- | --- | --- | | | | -295.8 -1.7 | | 锌锭(0#) | | | | | 吨 | | | | | 22398.3 -85.5 | | | | -0.4 | | 三、化工产品 | | | | 硫酸(98%) | | | | | 吨 | 939.5 | | | | 72.6 | | 烧碱 (液碱，32%) | | 8.4 | | | 吨 | 825.1 | | | | -20.9 | | | | -2.5 | | 甲醇 (优等品 ) | | | | | 吨 | | | | | 2059.5 21.0 | | | | 1.0 | | 纯苯 (石油苯，工业级 ) | | | | | 吨 | | | | | 5313.6 | | | | -26.0 | | 苯乙烯 (一级品 ) | | -0.5 ...

Core Insights - The national statistics indicate mixed trends in steel prices in the circulating market from early to mid-November 2025, with some products experiencing price increases while others saw declines [1] Price Changes Summary - Rebar (Φ20mm, HRB400E) price is 3139.0 CNY/ton, up by 20.5 CNY/ton, a rise of 0.7%, compared to a previous decline of 0.1% [1] - Wire rod (Φ8-10mm, HPB300) price is 3282.6 CNY/ton, increased by 10.9 CNY/ton, a rise of 0.3%, following a previous decline of 0.3% [1] - Ordinary medium plate (20mm, Q235) price is 3393.7 CNY/ton, down by 18.1 CNY/ton, a decline of 0.5%, which is an increase in the decline rate by 0.1 percentage points compared to the previous period [1] - Hot-rolled ordinary coil (4.75-11.5mm, Q235) price is 3289.0 CNY/ton, decreased by 7.7 CNY/ton, a decline of 0.2%, which is a narrowing of the decline rate by 0.5 percentage points [1] - Seamless steel pipe (219*6, 20) price is 4068.8 CNY/ton, down by 10.4 CNY/ton, a decline of 0.3%, which is a narrowing of the decline rate by 0.1 percentage points [1] - Angle steel (5) price is 3423.3 CNY/ton, increased by 3.4 CNY/ton, a rise of 0.1%, which is a narrowing of the increase rate by 0.1 percentage points [1]

Core Viewpoint - The National Bureau of Statistics reported a 1.7% decrease in the price of live pigs (external three yuan) in mid-November compared to early November 2025, indicating a trend in the livestock market [1]. Price Changes Summary 1. General Price Trends - In mid-November 2025, 30 products saw price increases, while 17 experienced declines, and 3 remained stable compared to early November [1]. 2. Key Product Price Changes - **Black Metals**: - Rebar (Φ20mm, HRB400E) rose by 20.5 CNY to 3139.0 CNY, a 0.7% increase [2]. - Ordinary medium plate (20mm, Q235) fell by 18.1 CNY to 3393.7 CNY, a 0.5% decrease [2]. - **Non-ferrous Metals**: - Electrolytic copper (1) increased by 427.1 CNY to 86636.3 CNY, a 0.5% rise [2]. - Zinc ingot (0) decreased by 32.9 CNY to 22483.8 CNY, a 0.1% drop [2]. - **Chemical Products**: - Sulfuric acid (98%) surged by 81.6 CNY to 866.9 CNY, a 10.4% increase [2]. - Caustic soda (liquid, 32%) dropped by 12.1 CNY to 846.0 CNY, a 1.4% decrease [2]. - **Energy Products**: - Liquefied natural gas (LNG) fell by 55.8 CNY to 4268.1 CNY, a 1.3% decrease [2]. - Gasoline (95 National VI) rose by 50.3 CNY to 8050.6 CNY, a 0.6% increase [2]. - **Agricultural Products**: - Live pigs (external three yuan) decreased by 0.2 CNY to 11.6 CNY/kg, a 1.7% decline [3]. - Corn (yellow corn, second grade) increased by 22.2 CNY to 2168.1 CNY, a 1.0% rise [3]. 3. Agricultural Production Materials - Urea (medium and small particles) increased by 28.1 CNY to 1647.9 CNY, a 1.7% rise [3]. - Compound fertilizer (potassium sulfate compound fertilizer, nitrogen, phosphorus, and potassium content 45%) rose by 67.3 CNY to 3216.0 CNY, a 2.1% increase [3]. 4. Forest Products - Natural rubber (standard rubber SCRWF) surged by 323.6 CNY to 14800.0 CNY, a 22% increase [3]. - Pulp (imported needle pulp) rose by 52.4 CNY to 5572.4 CNY, remaining stable [3].

Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories shows a mixed trend, with 30 products experiencing price increases, 17 seeing declines, and 3 remaining stable in mid-November 2025 compared to early November 2025 [2][3]. Group 1: Price Changes in Major Categories - In the black metal category, rebar prices increased by 20.5 yuan per ton (0.7%), while ordinary medium plates decreased by 18.1 yuan per ton (-0.5%) [4]. - In the non-ferrous metals category, electrolytic copper rose by 427.1 yuan per ton (0.5%), while zinc ingots fell by 32.9 yuan per ton (-0.1%) [4]. - Chemical products saw significant price fluctuations, with sulfuric acid increasing by 81.6 yuan per ton (10.4%) and methanol decreasing by 35.9 yuan per ton (-1.7%) [4]. Group 2: Energy and Coal Prices - In the petroleum and natural gas sector, liquefied natural gas prices dropped by 55.8 yuan per ton (-1.3%), while gasoline prices increased by 50.3 yuan per ton (0.6%) [4]. - Coal prices showed an upward trend, with ordinary mixed coal increasing by 30.5 yuan per ton (5.0%) and Shanxi premium mixed coal rising by 33.6 yuan per ton (4.2%) [4]. Group 3: Agricultural Products and Inputs - Among agricultural products, corn prices rose by 22.2 yuan per ton (1.0%), while cotton prices fell by 37.0 yuan per ton (-0.3%) [5]. - In agricultural production materials, urea prices increased by 28.1 yuan per ton (1.7%), and compound fertilizer prices rose by 67.3 yuan per ton (2.1%) [5]. Group 4: Monitoring Methodology - The price monitoring encompasses a wide range of products across 31 provinces, involving over 2000 wholesalers and dealers, ensuring comprehensive coverage of the market [8][9]. - The methodology includes on-site price collection, telephone inquiries, and electronic communications to ensure accurate data [9].

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 report highlights a structural price recovery in the context of anti-involution, with significant price variations across different sectors, indicating a phase of "structural recovery + inter-industry differentiation" [1][2][3] Price Tracking of Key Production Materials - As of early August 2025, among 49 major products, 19 saw price increases, 28 experienced declines, and 2 remained stable. The price increases were primarily in upstream coal (e.g., anthracite, coke), midstream agriculture (e.g., soybean meal, natural rubber), and downstream chemicals (e.g., sulfuric acid, methanol) [1] - Year-on-year data shows that industrial products are still in a downward trend, but the rate of decline is stabilizing. Steel and some chemical products have begun to recover, while coal, coke, traditional building materials, and certain petrochemical products remain at low levels [1][2] Price Changes Across Industry Chains - Recent data indicates that upstream industries are generally weak, with coal prices declining by 6% to 7%. Oil prices (WTI, Brent) have seen double-digit declines, while natural gas prices, despite being high year-on-year (28%), have significantly narrowed in growth [2] - Midstream industries show signs of recovery, with the bulk commodity index and shipping index rebounding, while downstream industries remain weak, particularly in real estate and traditional Chinese medicine [2][3] Industry Price Sentiment Data - The report analyzes price changes across the supply chain, revealing that upstream resource prices are generally weak but differentiated, with copper, aluminum, and precious metals benefiting, while the oil and coal sectors remain under pressure [3] - The midstream bulk commodity index has rebounded, and the price decline of rebar has narrowed to near stability. However, the building materials sector continues to face significant negative pressure [3]