China News Service, Beijing, October 5 (Reporter Ruan Yulin) Data released by the China Federation of Logistics and Purchasing on the 5th showed that the China Commodity Index (CBMI) in September was 103.1%, up 0.8 percentage points from the previous month, rising to May 2021. The highest point since then, indicating that the current domestic commodity market is stable and improving.

　　Among the sub-indices, the sales index continued to rise, the supply index stopped falling and rebounded, and the inventory index fell.

The analysis believes that the index continues to rise this month, and the supply and demand sides are rising together. In particular, the demand side rebounds stronger than the supply side. The increase in demand has eased the pressure on market inventory, industry expectations continue to improve, and market performance is in line with expectations.” Both supply and demand are booming, and stability is improving”.

　　In September, the commodity supply index stopped falling and rebounded to 102.6%, an increase of 0.5 percentage points from the previous month, showing that with the recovery of the domestic economy and manufacturing industry, market demand continued to pick up, production enterprises had good expectations for the market outlook, and production enthusiasm was high. The supply of commodities in the market continued to increase, and the growth rate accelerated.

From the perspective of major commodities, the supply of non-ferrous metals stopped falling and rebounded this month. The supply of steel, coal, refined oil and chemicals continued to rise, and the growth rate accelerated. Although the supply of iron ore and automobiles continued to increase compared with the previous month, the increase Speed ​​has slowed down.

　　In September, the commodity sales index increased by 1.8 percentage points from the previous month to 105.4%, and the index rose to the highest point since May 2021, indicating that with the advent of the traditional peak season, the market sales situation is improving, and domestic commodity sales this month. The volume growth rate accelerated from the previous month.

　　The analysis believes that entering October, the effect of stable growth will be further manifested, indicating that the economic trend is stable and improving.

Confidence in the market will be restored, and demand in peak seasons will still increase significantly. In the short term, the supply and demand in the commodity market will be relatively balanced. The pressure on inventory is expected to continue to ease, and the market will still be in the stage of destocking.

It is expected that the commodity market will maintain a stable and positive trend in October, and there is still some room for upward movement in commodity prices as a whole.

(Finish)