AI Data Insight
According to DataTrack data, China's producer goods PPI for May 2026 rose to 105.5 (up 5.5% YoY), continuing its climb from 105.2 in the previous month. This data surge is mainly driven by the demand for non-ferrous metals triggered by AI computing power and the equipment renewal policy, pushing the overall PPI to a nearly four-year high. However, terminal consumer prices remain relatively weak, and the widening price scissors between upstream and downstream may pose a squeeze risk to manufacturing profits.