CHINA PPI BREAKDOWN:

PPI y/y decline narrowed in May, while m/m growth turned positive.
PPI +0.2% m/m, with a +0.3% input prices and producer prices for consumption goods remained at -0.1%.
In major industries, the prices for coal mining and washing decreased by 14.2%, chemical raw materials and chemical products manufacturing decreased by 5.4%, electrical machinery and equipment manufacturing decreased by 4.2%, agricultural and sideline food processing decreased by 3.6%, computer, communication, and other electronic equipment manufacturing decreased by 2.0%, and petroleum, coal, and other fuel processing decreased by 1.0%. The rate of decline for all these sectors has narrowed.