101.7% of China's Commodity Index in February will gradually return to a stable and positive trend
China News Agency, Beijing, March 5 (Reporter Ruan Yulin) The China Federation of Logistics and Purchasing released data on the 5th, showing that the China Commodity Index (CBMI) in February was 101.7%, an increase of 0.6% from the previous month.
Analysts believe that the domestic bulk commodity market is expected to gradually return to the basic trend of stability and improvement in the later period.
The China Commodity Index (CBMI) in February was 101.7%, an increase of 0.6 percentage point from the previous month.
The analysis believes that the continuous increase of the index is still driven by the continuous increase in the supply index and inventory index representing the supply side. This month, the domestic bulk commodity market was significantly affected by the Spring Festival factor, terminal demand basically stagnated, and the imbalance between supply and demand continued to appear. Inventory is still backlogged, and the market is under pressure.
Data shows that in February, the commodity supply index was 103.4%, and the index rose to a four-month high in two consecutive months, indicating that the enthusiasm for production continues to rise this year, and the expectations for starting and resuming work after the holiday are optimistic, and commodity output remains high. , The overall supply continues to increase.
In February, the bulk commodity sales volume index continued to decline to 99.4%, indicating that due to the cold weather and the long Spring Festival holiday, the pressure on order organization of commodity supply companies has increased significantly.
According to the analysis, in February, the bulk commodity inventory index rose to the highest level in the past seven months at 103.7%, an increase of 1.5 percentage points from the previous month, indicating that the current domestic bulk commodity market supply and demand imbalance is further intensified, and the overall inventory is still backlogged. It is more difficult to destock goods.
Analysts said that, on the whole, in February, the domestic bulk commodity market was affected by the Spring Festival holiday, demand continued to shrink, commodity supply and inventory continued to increase, and the market was under pressure.
Entering March, with the successive start of major engineering projects in various regions, demand will return to a normal level, inventory accumulation is expected to slow down, market conditions can be expected, especially the macroeconomic benefits will lay an important foundation for the recovery of the bulk commodity market.
It is expected that the domestic bulk commodity market will gradually return to the basic trend of stability and improvement in the later period.
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