China’s commodity price index has risen for six consecutive months

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BEIJING, 6th November, 2017 (WAM) – Data issued by the China Federation of Logistics and Procurement yesterday, Wednesday, showed that the commodity price index in China reached 113.2 points in October, recording an increase of 1.2% on a monthly basis, continuing its rise for the sixth month in a row.

According to detailed data, the non-ferrous metals price index continued to rise, recording 136.4 points, while the mineral resources price index rose to 70.9 points, bucking the declining trend.

The data showed that among the 50 major commodities regulated by the union, the prices of 16 commodities, or 32% of the total commodities, saw a monthly increase in October. The largest increase came in the prices of electrical copper, corrugated cardboard, and coke.

Analysts said that the global economy is still facing many uncertainties, and that the prices of some basic commodities in certain sectors are still at low levels, noting that strengthening the economic recovery trend requires continuing to raise the quality and efficiency of commodity trading, reducing its costs, and unleashing the potential of domestic demand to a greater extent.

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