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China’s bulk commodity market sees supply and demand growth in March


By Xinhua
Published : 10 Apr 2022 08:52 PM

China's bulk commodities market reported increased supply and demand in March, data from the China Federation of Logistics and Purchasing shows.

The China Bulk Merchandise Index, a gauge of activity in the domestic bulk commodities market, came in at 100.9 percent last month, above the boom-bust line of 100 percent and edging up 0.1 percentage points from February, according to the federation.

 The index measuring sales of bulk commodities rebounded from 99.9 percent in February to 100.6 percent in March, and the supply index rose 0.3 percentage points month on month to 101.7 percent.

 Domestic demand for bulk commodities has picked up and industry expectations have continued to improve, the federation said, noting positive signs in business activities, including procurement and production.

 The federation also noted that there were disruptions to the circulation of raw materials and products caused by sporadic resurgences of COVID-19, which largely affect market supply and demand.

 The bulk commodities market will gradually recover in the future as COVID-19 prevention and control work improves and economic growth continues, it said.