According to data released by the China Federation of Logistics and Purchasing on the 5th, the China Commodity Index (CBMI) in March was 100.9%, an increase of 0.1 percentage points from the previous month, indicating that the current domestic commodity market demand has rebounded, and the industry is expected to continue to improve. Procurement, production and other business activities showed positive signs.
Among the sub-indices, the commodity supply index stopped falling and rebounded, up 0.3 percentage points from the previous month to 101.7%, indicating that with the advent of the traditional peak season, commodity production enterprises have good expectations; the commodity sales index stopped falling and rose to 100.6 %, showing that with the advent of the traditional peak season, domestic demand has increased, and commodity transaction volume has begun to rise; the commodity inventory index was 100.4%, down 1.6 percentage points from the previous month, indicating that the growth rate of domestic commodity market inventory has slowed down. Commodity inventory pressure eased.
The analysis pointed out that judging from the changes in the index in March, the current domestic demand for bulk commodities has rebounded, the industry is expected to continue to improve, and business activities such as procurement and production are showing positive signs.
However, it is worth noting that the rebound of the sales index in March was mainly driven by the larger recovery of the black series, and the continued rise of the composite index was mainly due to the greater pull from the supply side, the sales side’s support for the market was small, and the market supply and demand The structure is still unbalanced, the fundamentals of the industry have not been significantly improved, and the market has not ushered in the expected traditional peak season. In particular, the current domestic epidemic is spreading in many places, and the circulation of raw materials and finished products is not smooth, which has a great impact on market supply and sales.
The analysis believes that entering April, the impact of the epidemic in the early stage will still exist, and it is difficult for the market to have a clear upward trend. In the later stage, as the national epidemic prevention and control situation stabilizes, the demand is expected to start to exert force. In addition, the macroeconomic environment continues to improve, and the domestic bulk commodity market continues. The foundation for the recovery will be formed, and the market operation will gradually improve.
(Article source: China News Network)
