Latest Headlines
China's bulk commodity market rebounds in December
  ·  2022-01-06  ·   Source: Xinhua News Agency

China's bulk commodity market rebounded in December, as supplies and stockpiles picked up during the period, industrial data shows.

The China Bulk Merchandise Index, a gauge of domestic bulk commodity market activities, came in at 100.9 percent last month, slightly above the boom-bust line of 100 percent and marking the highest level in six months, according to the China Federation of Logistics and Purchasing.

The federation attributed the growth to increasing supplies, with the bulk commodity supply sub-index rebounding to an eight-month high of 102 percent in December.

The sub-index measuring sales continued to stagnate, coming in at 99.9 percent last month as seasonal factors and sporadic resurgences of COVID-19 combined to suppress demand.

The data shows strong supply and weak demand in the bulk commodity market, which means room for a price retreat, the federation predicted.

 

China
Opinion
World
Business
Lifestyle
Video
Multimedia
 
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860