China's bulk commodity market sees improving demand in March

0 Comment(s)Print E-mail Xinhua, April 9, 2023
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China's bulk commodity market saw improving fundamentals in March with a marked increase in sales as demand rebounded, industrial data showed.

The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, rose to its highest level since August 2020, according to the China Federation of Logistics and Purchasing.

The index stood at 103.4% for March, up 0.6 percentage points compared with February.

A reading above 100 indicates expansion, while a reading below 100 reflects contraction.

The sub-indices for bulk commodity supply and sales went up compared with the previous month, while the sub-index for inventory went down.

The federation expected that the domestic commodity market will maintain a stable and positive trend with more room for commodity prices to climb in April.

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