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Commodity Index Increases In January

CHINA PRESS

China’s Bulk Commodity Index (CBMI) reached 101.1 in January, up 0.4 points from December, according to the China Federation of Logistics and Purchasing (CFLP). Sub-indices showed rising commodity supply, sales and inventory, with supply of iron ore and refined oil up 1.8 points, and 1.5 points from December. The bulk commodity sales sub-index reached 100.6, down 0.8 points from the previous month, but above the 100 point expansion threshold. Bulk commodities sales continued to benefited from winter storage demand and pre-holiday purchasing, according to Chen Lin, analyst at the CFLP. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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