CCTV news: China Federation of Logistics and Purchasing announced on May 5 that China’s bulk commodity price index in April was 132.1 points, up 1.7% month-on-month and 20.2% year-on-year. Judging from the operation of the index, affected by the improvement in supply and demand in some domestic industries and external input factors, the index continued to rise in April, but the increase was narrower than the previous month, indicating that the overall operation of the bulk commodity market remains stable and continues to develop well.
The index continues to rise and the commodity market is operating stably and well
China's commodity price index in April was 132.1 points, up 1.7% month-on-month and 20.2% year-on-year. Among the 50 commodities monitored by the China Federation of Logistics and Purchasing, 38 commodities saw price increases month-on-month in April. Among them, paraxylene, methanol and polypropylene were the top increasers, rising 22.4%, 14.5% and 11.8% respectively from the previous month.
Looking at different industries, affected by input factors such as tight supply of raw materials and rising production costs, the chemical price index continues to rise. Thanks to the effective implementation of the policy of ensuring energy supply and stabilizing prices, the energy price index fell slightly, but was still at a relatively high level during the year.
Experts said that in the face of external shocks, the domestic commodity market has demonstrated strong anti-risk capabilities and resilience, which is mainly due to the effective operation of my country's complete industrial system, ultra-large-scale market and macro-control mechanism. However, import uncertainty in the energy and chemical industry is still high. Industrial enterprises should actively expand raw material source channels, enhance market risk resistance, build a cooperation mechanism for upstream and downstream benefit sharing and risk sharing, and jointly maintain the safety and stability of the industrial chain and supply chain.
