The Bulk Commodity Index released by Business Community (100ppi.com) stood at -0.44 in October, down 1.85 percent from a year earlier, marking a decline for six months in a row. In a breakdown, the steel sector posted a 4.26 percent drop, more than any other sector, followed by the rubber and plastic sector with a 2.78 percent decline.
Business Community chief economist Liu Xintian expected the ongoing "winter" for the commodity market would not end soon and it is very likely for the BCI to remain below zero in November. The BCI in October 2014 was -0.56. Business Community, with official website www.100ppi.com, is a leading commodity data provider in China.
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