Beijing, April 6: The China Federation of Logistics and Purchasing announced on April 5 that the country’s Commodity Price Index reached 129.9 points in March. This marks a 4% increase compared to February and a significant 14.5% rise from the same period last year.
Among the 50 major commodities monitored, 38 saw an increase in their price indices in March compared to February.
From a business perspective, the energy and chemical price indices rose by 16.5% and 21.8%, respectively, while the agricultural product price index recorded a 2.8% increase.
The performance of the index indicates a consistent improvement in production following the holidays. There has been a notable increase in market demand, along with positive changes in both supply and demand dynamics. Overall, the commodity market has maintained an expansionary trend, strengthening its positive foundation.
(Source: China Media Group, Beijing)
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