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China's factory gate inflation hits record high in September
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China's factory gate inflation hits record high in September


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China's annual factory gate prices grew at their fastest pace on record in September, driven by energy curbs and soaring commodity prices, piling pressure on businesses already grappling with supply bottlenecks.

Based on the statistics of playing xo auto the amount of 10 baht, round figures are more likely to be issued by bonuses.

The producer price index (PPI) rose 10.7per cent from a year earlier in September, the National Bureau of Statistics (NBS) said on Thursday, the biggest rise since the data began to be compiled in 1996. Economists in a Reuters poll had expected the PPI to rise 10.5per cent after a 9.5per cent increase in August.

A widening power shortage in China, caused by the country's transition to clean energy, booming industrial demand and high commodity prices, have halted production at numerous factories including many supplying big global brands such as Apple.

The power crunch has hit output across the cement, steel,and aluminum industries, while utility companies have struggled to keep up with post-pandemic power demand.

Against this backdrop, Chinese energy and petrochemicals futures rose to multi-year and record highs respectively on Monday, also fuelled by an oil price rally.

Thermal coal prices on the Zhengzhou Commodity Exchange gained 60per cent last month, and were last up 8per cent at 1,408.20 yuan (US$218.77) per tonne amid a coal shortage.

Beijing has taken a raft of measures to curb record-high coal prices and ease the country's power crunch, including urging coal miners to boost output and manage electricity demand at industrial plants.
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