China’s factory gate prices jump as Iran ceasefire hangs in balance
AI Summary
China’s producer price index has increased for the fourth consecutive month amid uncertainty over the Iran ceasefire, while supply chains are disrupted by threats of Strait of Hormuz closure, affecting global markets.
Producer price index rises for fourth straight month as Strait of Hormuz closure roils supply chains
World Markets Commodities Energy China producer price index Iran ceasefire Strait of Hormuz supply chains factory prices