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China's Bulk Commodity Market Shows Growth Expansion
February 12th, 2021 | 10:42 AM | 1044 views
BEIJING
China's bulk commodity market reported growth expansion in January compared with the previous month, industrial data showed.
The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 101.1 percent last month, up 1 percentage point, according to the China Federation of Logistics and Purchasing.
The sub-indices for bulk commodity supply and inventory went up to 102. 5 percent and 102.2 percent, respectively.
The sub-index for bulk commodity sales decreased to 99.5 percent, a four-month low, indicating continuous oversupply pressure.
Source:
courtesy of XINHUA NEWS AGENCY
by XINHUA NEWS AGENCY
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