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China's bulk commodity market rebounds in November

2019-12-08 18:38

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BEIJING, Dec. 8 (Xinhua) -- China's bulk commodity market rebounded in November with a key industry index rising for three consecutive months.

The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 102.5 percent in November, up 1.2 percentage points from October, according to the China Federation of Logistics and Purchasing (CFLP).

The uptick indicates the steady rebounding of the bulk commodity sector, the CFLP said.

In the sub-indexes, the supply index and sales index continued to rise, while the inventory index and price index both fell.

In December, the off-season effect of the commodity market will gradually emerge, oversupply will occur and the downward pressure on the market will persist, the CFLP forecast.
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