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Market Chatter: Chinese Export Prices Rise in April

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Chinese export prices rose 5% in April, their sharpest increase since April 2023, Bloomberg reported Friday, citing raw data from the General Administration of Customs released Thursday.

Prices of petroleum exports were among those that gained the highest, rising 22% year over year, while fertilizers, dependent on natural gas, grew 17%, the report said.

Electronics export prices jumped by more than 20%, the report said.

The increase reflects spillover effects from the Iran war, according to the news agency.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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