China NBS: 37 of 50 Key Industrial Inputs Rose in Early September, Hogs Up 0.9%

The breadth of gains — 37 of 50 inputs — points to a broad, if modest, upstream price impulse rather than an isolated move, which matters for anyone tracking Chinese industrial demand and the cost pass-through into manufactured goods. The LNG jump stands out as the sharper move, while hogs barely budged, suggesting energy and industrial inputs are firmer than agricultural ones. Whether this breadth persists into late September is the open question, since a single early-month snapshot can reflect timing and seasonal effects as much as trend.