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China's April PPI Sees Fiber Optics Prices Rise 22.5% Amid Rising Semiconductor Demand

GateNews
Commodities

According to National Bureau of Statistics chief statistician Dong Lijuan, China’s April producer price index showed three main trends. Global crude oil price increases drove up domestic petroleum-related industry prices. Strong demand for semiconductors and accelerating electrification boosted prices in key sectors: fiber optics manufacturing prices rose 22.5 percent month-over-month, while external storage equipment and components rose 3.2 percent. Market competition improvements also emerged, with lithium-ion battery manufacturing prices rising 1.6 percent and new energy vehicle manufacturing prices declining 0.1 percent, a 0.7 percentage point improvement from the previous month.

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