信德海事网-专业海事信息咨询服务平台
  >  COMMODITIES

China's bulk commodity market continues to grow in April


China's bulk commodity market continued to grow in April with stable expansion in supply and sales, industrial data showed.
 
The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent to stand at 102.6 percent in April, down 0.9 percentage points compared with March, according to the China Federation of Logistics and Purchasing (CFLP).
 
This marked the second consecutive month of CBMI growth despite a slowdown in pace, pointing to stable market operation in the bulk commodity sector.
 
The sub-indices for bulk commodity supply and sales expanded slower in April compared with the previous month, while the sub-index for stocks dropped in April.
 
The CFLP predicted that the domestic bulk commodity market's stabilizing momentum might continue in May as previous pro-growth policies will keep driving up demand.
 
Commodity prices are expected to go on rising while the sector might face increasing downward pressure on export, the CFLP added.
 
Source:chinadaily

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:

admin@xindemarine.com


Ctrl+D 将本页面保存为书签,全面了解最新资讯,方便快捷。