China's Commodity Price Index Drops 3.6% Month-on-Month in August Amid Seasonal Fluctuations

[China's Commodity Price Index Declined by 3.6% Month-on-Month in August]: China Federation of Logistics & Purchasing announced China's Commodity Price Index for August today. Judging from the index performance, the commodity market exhibited distinct seasonal and phased fluctuations due to factors such as global hot and rainy weather, the off-season for production in some industries, and significant volatility in international financial markets.

The China Commodity Price Index stood at 110.3 points in August, with a month-on-month decline of 3.6%. Specifically, the chemical and non-ferrous metals price indices retreated from some of their gains during the year. The mineral and agricultural product price indices fluctuated at low levels, while the ferrous metals and energy price indices continued to decline.