China News Service, Beijing, March 5 (Reporter Ruan Yulin) Data released by the China Federation of Logistics and Purchasing on the 5th showed that China’s bulk commodity price index (CBPI) was 111.4 in February, a slight decrease of 0.7% month-on-month and a year-on-year decrease of 7.5%.
Judging from the performance of the index, market prices continue to maintain a low operating trend due to the weakening demand during the Spring Festival holiday.
Looking at different industries, the chemical price index rose month-on-month, while other price indexes fell.
Among them, the chemical price index rose for two consecutive months, up 1.5% month-on-month, and fell 1.3% year-on-year; the black price index fell slightly after rising for three consecutive months, down 0.1% month-on-month, and fell 8.5% year-on-year; the non-ferrous price index ran at a low level, month-on-month It fell slightly by 0.8%, down 7.4% year-on-year; the energy price index continued to fall, down 0.9% month-on-month, and down 9.3% year-on-year; the mineral price index was the lowest since January 2021, down 2.3% month-on-month, and down 10.2% year-on-year; agricultural product prices The index reached a new low, falling 3.1% month-on-month and 12.1% year-on-year.
In terms of commodities, among the 50 commodities monitored by the China Federation of Logistics and Purchasing, compared with the previous month, the prices of 26 commodities (52%) fell and the prices of 24 commodities (48%) increased. .
Among them, the top three commodities with the largest decline were apples, soybean meal and coke, which fell by 11.9%, 5.9% and 4.9% respectively from the previous month; the top three commodities with the largest increase were methanol, styrene-butadiene rubber and paraxylene, which increased by 6.6% and 3.8% respectively from the previous month. and 2.9%.
According to the analysis, with the convening of the National Two Sessions, the annual economic growth targets and economic policies have gradually become clear, and the policy effects have gradually emerged. In addition, corporate production activities have become increasingly active after the Spring Festival. It is expected that the downward space of market prices will be limited, and the economic recovery will be further consolidated. .
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