The China Federation of Logistics and Purchasing released the July China Commodity Price Index on the 5th. Looking at the index's performance, the commodity price index pulled back slightly MoM, maintained a relatively large YoY increase, and the market operation foundation remained generally solid. The China Commodity Price Index for July stood at 128.6 points, pulling back 1.3% MoM but up 15.5% YoY.
Among the 50 key commodities monitored by the China Federation of Logistics and Purchasing, prices of 14 commodities rose MoM in July. Among them, coke (7.1% MoM), Pr-Nd oxide (6.4% MoM), and corrugated paper (5.6% MoM) led the gains.
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