Economy

The domestic bulk commodity market has warmed up and the market supply and demand situation has improved significantly

2023-03-06   

The China Federation of Logistics and Purchasing announced yesterday (March 5) that in February, China's commodity index rose to the highest point in nearly five months, the operating situation of the domestic commodity market began to warm up, and the industry's operating conditions improved. In February, China's commodity index was 102.8%, up 2.4 percentage points from the previous month, the highest point in nearly five months, indicating that the operation of the domestic commodity market has improved compared with the previous month, and the market supply and demand situation has improved significantly. From the perspective of commodity supply, the supply of iron ore, coal, nonferrous metals and chemical industry has bottomed out and rebounded, while the supply of steel, refined oil and automobiles has continued to increase, and the growth rate has accelerated. From the perspective of commodity sales, the sales of all major commodities increased, among which the sales of iron and steel, coal, non-ferrous metals, chemicals and automobiles all rose, while the sales of iron ore and refined oil continued to increase, and the growth rate accelerated. (Xinhua News Agency)

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:CCTV

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