China's bulk commodity price index rose by 4% month-on-month in March

Golden Ten Data reported on April 5 that the China Federation of Logistics & Purchasing released the March China Bulk Commodity Price Index today. According to the index performance, post-holiday corporate production has steadily recovered, market demand has been well released, and the bulk commodity market overall remains in an expansion trend, further consolidating a positive foundation. In March, the China Bulk Commodity Price Index stood at 129.9 points, a 4% increase from the previous month and a 14.5% increase year-on-year, both surpassing last year’s levels. Among the 50 key bulk commodities monitored by the China Federation of Logistics & Purchasing, prices for 38 commodities rose month-on-month in March, with diesel, methanol, and ethylene glycol showing the largest gains, up 30.5%, 30.4%, and 29.3% respectively compared to the previous month.