The supply growth rate of China's bulk commodity market is accelerating, and demand continues to rebound
CCTV News: The China Federation of Logistics and Purchasing announced on September 5th that the China Commodity Index for August was 102.7%, up 0.4 percentage points from the previous month. The commodity market continues to develop well, and the market's supply and demand fundamentals show a situation of strong supply and demand.
In August, the growth rate of most commodity supply has accelerated. Among them, the supply of steel, refined oil, and non-ferrous metals increased by 5.2%, 4.2%, and 3.8% respectively compared to the previous month, with growth rates accelerating by 0.6, 0.1, and 2.1 percentage points respectively.
In addition, the commodity sales index in August was 103.5%, up 0.1 percentage points from the previous month. The purchasing willingness of the end market and traders has increased, and the overall market demand is improving.