Due to the price surges of crude oil, raw coal, and steel products, China's producer price index (PPI) rose by 6.6% over the same period of last year in February, hitting a 3-year high.

由于原油、原煤、钢材等价格的大幅上涨，2月份中国工业品出厂价格(PPI)同比上升6.6%，达到近三年来的高位。

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The results show that the ex-factory price index of industrial oil products in Jiangsu Province has a more sensitive respond to oil price fluctuations than the national level.

结果表明江苏石油工业品出厂价格指数对原油价格波动反映比较敏感，高于全国水平。

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Whereas big swings in oil prices usually reflect supply shocks, and precious metals are often seen as a safe haven in times of crisis, The Economist's commodity price index (which excludes oil and precious metals) has traditionally been a fairly good leading indicator of turning-points in global industrial output.

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There is a risk that price rises will peak after the first quarter of next year, if the past effects of higher oil prices start to work their way out of the consumer-price index.

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The underlying Solactive Global Oil Equities Index tracks the performance of 25 equal-weighted companies that have shown a high correlation to the spot price of oil.

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