A series of stable growth policies boost market confidence, leading to a more balanced supply and demand of commodities. Finished oil | coal | commodities
CCTV News: The China Federation of Logistics and Purchasing released the July China Commodity Index today. From the changes in the index, although July belongs to the traditional off-season of consumption, the market operation is clearly good, especially with domestic demand being relatively stable under various policies, and the supply and demand of the commodity market becoming more balanced.
In July, the China Commodity Index was 102.3%. Among them, the commodity supply index has been in an expansion range for six consecutive months. Affected by profit recovery, policy effects, and the rebound in production, the supply of steel, coal, and refined oil continues to increase, and the growth rate has accelerated.
In July, the supply of steel, coal, and refined oil increased by 4.6%, 7.3%, and 4.1% respectively compared to the previous month, with growth rates accelerating by 1.4, 1.1, and 1.3 percentage points respectively. The supply of non-ferrous metals, chemicals, and automobiles increased by 1.7%, 1.4%, and 1.8% respectively compared to the previous month.
![A series of stable growth policies boost market confidence, leading to a more balanced supply and demand of commodities. Finished oil | coal | commodities](https://a5qu.com/upload/images/9c18a71c708e4a48a4b6d896ce9ba3c4.jpg)
From the perspective of demand, although it is in the traditional off-season of consumption, the resilience of commodity demand is strong against the backdrop of positive macro expectations.
In July, the commodity sales index was 103.4%. From the consumption situation of various major commodities, except for a decrease in automobile consumption this month, all other varieties have shown a continued increase trend, especially the prominent consumption characteristics of coal during the peak season. In July, the sales volume of iron ore, coal, and refined oil increased by 5.7%, 5.8%, and 1.4% respectively compared to the previous month, with growth rates accelerating by 1.8, 3.4, and 0.5 percentage points respectively
Experts say that after entering August, with the expected recovery of domestic policies and the sustained improvement of the macroeconomic situation, the trend of stable development of the domestic commodity market will continue to be maintained.
![A series of stable growth policies boost market confidence, leading to a more balanced supply and demand of commodities. Finished oil | coal | commodities](https://a5qu.com/upload/images/64d9b520c89f13547a65f59336b4d8a7.jpg)