CHINA China's bulk commodity market growth slows in June

CHINA

China's bulk commodity market growth slows in June

Xinhua

10:15, July 07, 2019

BEIJING, July 7 (Xinhua) - China's bulk commodity market continued to see slower growth in June with shrinkage in both supply and sales, industrial data showed.

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File photo: VCG

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 100.8 percent in June, down 0.3 percentage points compared with May, according to the China Federation of Logistics and Purchasing (CFLP).

This marked the third consecutive month of the CBMI drop, pointing to weak activities in the slack season.

The sub-indices for bulk commodity supply and sales expanded slower in June compared with the previous month, while the sub-index for stocks grew faster.

The CFLP predicted that the domestic bulk commodity market's downward move will not continue too far as previous pro-growth policies will drive up demand.

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