China’s producer price index rose 5.7% year over year in October, its fastest increase in nearly four and a half years and above expectations, while consumer inflation slowed to 0.7%. Higher energy-related costs drove producer inflation, but weak domestic demand limited their pass-through to consumer prices.
Rising upstream costs could raise expenses for energy-intensive production and eventually feed into agricultural supply-chain costs. Weak demand is restraining pass-through, so the immediate price effect on feed commodities is uncertain.
After 24 past report events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (46% higher; middle half -0.3% to +0.4%), and -0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.