China's bulk commodity market growth slows in September

Source: Xinhua| 2020-10-05 23:29:42|Editor: huaxia

BEIJING, Oct. 5 (Xinhua) -- China's bulk commodity market saw slower growth in September compared with the previous month, industrial data showed Monday.

The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 102.3 percent in September, down from 102.5 percent in August, according to the China Federation of Logistics and Purchasing.

Breaking it down, the sub-index for bulk commodity sales registered a slight increase while those for bulk commodity supply and prices dipped last month.

Data shows that market demand continued to bounce back while the growth in supply kept falling, signaling a more balanced supply-demand structure, the federation said. Enditem

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