China's bulk commodity market rebounds in December

0 Comment(s)Print E-mail Xinhua, January 6, 2022
Adjust font size:
Aerial photo taken on Dec. 18, 2021 shows a container ship by the Pacific international container terminal at the Tianjin Port, north China's Tianjin municipality. [Photo/Xinhua]

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% last month, slightly above the boom-bust line of 100% 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% in December.

The sub-index measuring sales continued to stagnate, coming in at 99.9% 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.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from