February China's bulk commodity price index rose by 10.9% year-on-year.

The China Federation of Logistics and Purchasing released the China bulk commodity price index for February today. From the performance of the index, due to the impact of the Spring Festival holiday, although there was a slight decline on a month-on-month basis, the year-on-year increase still remained at 10.9%, indicating that the overall operation of the bulk commodity market is stable. The market expectations are generally positive, and the basic trend and endogenous driving force are still solid. With various industries resuming work and production after the holiday, as well as the release of investment and consumption demand, the market is expected to gradually warm up and stabilize. The China bulk commodity price index for February was 124.9 points, a decrease of 0.4% from the previous month and an increase of 10.9% year-on-year. Among the 50 bulk commodities monitored by the China Federation of Logistics and Purchasing, 24 varieties saw a monthly increase in prices in February. Among them, neodymium praseodymium oxide, butadiene rubber, and polyvinyl chloride led the way with increases of 24.3%, 5.4%, and 3.5% respectively compared to the previous month. Looking at specific industries, influenced by factors such as the tense geopolitical situation in the Middle East and the sharp rise in international crude oil prices, the energy and chemical industry price indices rose by 0.5% and 1.2% respectively on a monthly basis. The price indices for non-ferrous metals and black commodities showed obvious seasonal characteristics, with decreases of 0.8% and 0.2% respectively compared to the previous month, but they still remained at recent highs.