September Deflation May Ease on Producer Side, Weigh on CPI

Here's what deflation in September looked like for various industrial commodities. The price change for August is also here. The latest report is here: 流通领域重要生产资料市场价格变动情况（2015年9月21-30日）. There's a rise in petroleum products or petroleum derivative products, but otherwise deflationary forces remained in effect. Vegetable prices tumbled in the last week of September and pork prices dipped slightly, which will weight on the CPI. Last month, consumer prices increased thanks to rising vegetable rpices and rising pork prices. See: Rising Pork Price Is Not Evidence of Inflation and The Porkpocalypse：Pork Prices Rise 7.7% in August, Up 19.6% YoY

			Percent Change
Product	Unit	Yuan Price	Sept	Aug
First, black metal
Rebar (Phi 16-25mm, HRB400 )	T	2052.4	-4.8%	5.4%
Wire (Phi 6.5mm , HPB300 )	T	2189.8	-4.0%	5.8%
Ordinary plate ( 20 mm , Q235 )	T	2070.9	-4.4%	1.5%
Ordinary hot-rolled sheet ( 3mm , Q235 )	T	2139.9	-2.2%	-0.7%
Seamless Steel Tube ( 6,20 * 219 # )	T	2936.1	-3.7%	-1.2%
Angle ( 5 # )	T	2417.6	-1.5%	-0.8%
Second, the non-ferrous metal
Copper ( 1 # )	T	39182.2	0.1%	-1.0%
Aluminum ( A00 )	T	11803.5	-0.3%	-2.8%
Lead ingots ( 1 # )	T	13317.9	0.0%	1.1%
Zinc ( 0 # )	T	13923.4	-6.3%	-2.4%
Third, chemical products
Sulfuric acid ( 98% )	T	382.1	-9.5%	0.5%
Caustic soda ( caustic soda, 32%)	T	672.2	6.2%	7.7%
Methanol (Excellence in goods)	T	1839.6	0.4%	-12.8%
Benzene (petroleum benzene, industrial)	T	4592.9	5.8%	-17.9%
Styrene (one product)	T	7542.9	0.2%	-19.0%
Polyethylene ( LLDPE , 7042 )	T	9019.2	-1.7%	-2.1%
Polypropylene ( T30S )	T	7981.3	-3.2%	-1.8%
Polyvinyl chloride ( SG5 )	T	5195	-2.4%	-0.8%
Butadiene rubber ( BR9000 )	T	9528.6	2.8%	-4.3%
Polyester filament yarn ( FDY150D / 96F )	T	7242.9	-3.2%	-0.9%
Fourth, oil and gas
Liquefied natural gas ( LNG )	T	3735.2	-2.2%	0.9%
Liquefied petroleum gas ( LPG )	T	3597.4	1.7%	-1.3%
Gasoline ( 97 # )	T	7555.6	0.6%	-6.2%
Gasoline ( 93 # )	T	6703.9	6.6%	-5.1%
Diesel ( 0 # )	T	5115.8	6.5%	-4.7%
Paraffin wax ( 58 # and a half )	T	6790.5	-1.0%	-5.4%
Five coal
Anthracite ( 2 wash block number)	T	849.2	0.0%	-5.2%
Ordinary mixed coal ( 4500 kcal )	T	320	-1.5%	-1.5%
Shanxi mix ( 5000 kcal )	T	350	-1.4%	-1.4%
Shanxi high-grade ( 5500 kcal )	T	396.4	-3.3%	-1.2%
Datong mixed coal ( 5800 kcal )	T	450	-3.2%	-1.1%
Coking coal ( 1/3 coking coal)	T	540	-3.6%	0.0%
Coke (metallurgical coke)	T	677.3	-2.0%	-4.2%
Six non-metallic building materials
Composite Portland cement ( PC 32.5 bags)	T	231.2	-1.3%	-3.0%
Ordinary Portland cement ( PO 42.5 Bulk)	T	241.2	-0.4%	-2.4%
Float glass ( 4.8-5mm )	T	1144.3	-0.6%	4.7%
Seven, agricultural
Rice ( Japonica rice )	T	4396	-0.1%	0.0%
Wheat ( GB third class )	T	2346.6	-0.1%	-1.2%
Corn ( maize second yellow )	T	2056.5	-9.0%	-2.9%
Cotton (lint, white cotton three )	T	13126.5	-0.2%	-0.1%
Pigs ( outside three yuan )	Kilogram	17	-6.6%	1.7%
Soybeans ( soybean )	T	4179.7	-0.7%	1.3%
Soybean meal ( crude protein content ≥ 43%)	T	2738.2	1.3%	-2.2%
Groundnut ( peanut oil )	T	7888.1	-0.3%	2.3%
Eight of agricultural production
Urea (small granule)	T	1615.6	-3.3%	-4.0%
Fertilizer (potassium sulfate compound fertilizer)	T	2814	0.0%	0.0%
Pesticides ( glyphosate, 95% of the original drug)	T	19187.5	2.1%	0.0%
Nine, forest
Wood-based panels ( 1220 * 2440 * 15 mm )	Zhang	51.8	0.0%	1.8%
Pulp (bleached chemical pulp)	T	4712.6	-0.7%	4.0%
Corrugated (high-strength)	T	2536	-0.2%	-1.7%