In October, China's bulk commodity price index was announced to have risen for six consecutive months compared with the previous month.
The China Federation of Logistics and Purchasing announced today the October Chinese bulk commodity price index. From the performance of the index, it has seen a consecutive increase for six months, with a significantly wider increase compared to the previous month. This indicates that with the continuous release of the effectiveness of policies such as stabilizing economic growth by the government, as well as a slight easing of international trade tensions, enterprise confidence is further strengthened, and the market prosperity level of bulk commodities continues to rise.
The October Chinese bulk commodity price index was 113.2 points, up 1.2% from the previous month, achieving a consecutive increase for six months. Among the 50 bulk commodities monitored by the China Federation of Logistics and Purchasing, 16 saw a month-on-month increase in prices in October. Among them, electrolytic copper, corrugated paper, and coking coal saw the biggest increases, rising by 6.9%, 6%, and 6% respectively compared to the previous month.
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