China's bulk commodity index remains in expansion
Most industries in the bulk commodity market are holding optimistic expectations for the future, with the sector's overall performance running smoothly.
The index tracking the country's bulk commodity prices stood at 111.2 points in December 2024, down 1 percent from the previous month, according to the China Federation of Logistics and Purchasing.
A reading above 100 indicates expansion, while a reading below 100 reflects contraction.
Despite a slight drop in December due to external factors and seasonal trends, the index remains stable, staying above its yearly low, the Federation said.
Among commodities, the energy price index stands at 105 points, up 1.2 percent compared to the previous month, reflecting a rebound in business production and operations.
With a package of incremental policies taking effect, the economy is poised to remain on a stable and positive trajectory, the federation said.
