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<Econ> S Korea Mar PPI Rises 1.6% MoM; Coal & Petroleum Products Surge 31.9%
The Bank of Korea announced that, according to preliminary estimates, S Korea's Producer Price Index (PPI) for March rose 1.6% MoM, compared with a 0.6% increase in the previous mo...
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<Econ> S Korea Mar PPI Rises 1.6% MoM; Coal & Petroleum Products Surge 31.9%
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The Bank of Korea announced that, according to preliminary estimates, S Korea's Producer Price Index (PPI) for March rose 1.6% MoM, compared with a 0.6% increase in the previous month; it increased 4.1% YoY, versus a prior rise of 2.5%.

Affected by the conflict in Iran since late February, the PPI for coal and petroleum products surged 31.9% MoM, compared with a 4% increase previously; on a YoY basis, it turned to a 26.7% increase from a prior decline of 8.1%. At the end of March, the S Korean government gazetted a ban on exports of domestically produced naphtha with immediate effect to ensure supply-demand stability. The ban is tentatively set for five months. Even shipments under signed contracts are prohibited unless approval is obtained from the Ministry of Trade, Industry and Energy. (da/u)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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