Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / China Commodity Supply and Demand Boomed in June

China Commodity Supply and Demand Boomed in June

Jul 7, 2023 16:39

Source:SMM

The China Federation of Logistics and Purchasing announced on July 5 that China's commodity index has risen for two consecutive months, showing that as the domestic economy maintained a recovery and development trend, the demand for commodities continued to recover.

Business activities such as procurement and production were active. In June, both supply and demand in the domestic commodity market were strong". The China Commodity Index was 102.8% in June, up 2.1 percentage points from May.

The commodity supply index rose to 107% in June, an increase of 1.8 percentage points from the previous month.

With the mild recovery of domestic economy, demand recovery and improved profit, producers was enthusiastic in production, growing supply.

More popular news:

SMM Daily Comments (Jul 3): SHFE Base Metals Rose across the Board with Tin Surging, Ferrous Metals Prices Closed Mixed

China Vows To Increase Macro-Control Efforts, Expand Consumption And Stabilise Investment

Macro economy

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Chongqing issued the Notice on Further Optimizing the Use of Housing Provident Funds on August 11.

Aug 11, 2023 17:53

Industry

Chongqing: Records of sold houses and settled commercial personal housing loans are not used as the basis for determining the number of housing units

China’s Central Bank: There will be no deflation in the second half of the year, and CPI is expected to move closer to 1% by the end of the year

Liu Guoqiang, deputy governor of the People's Bank of China, said that China's M2 and economy kept growing, and there will be no deflation in the second half of the year.

Jul 20, 2023 14:59

Industry

China’s Central Bank: There will be no deflation in the second half of the year, and CPI is expected to move closer to 1% by the end of the year

China’s Central Bank: The weighted average interest rate of new housing loans is 4.18%, 107 basis points lower than that of the same period last year

Liu Guoqiang, deputy governor of the People's Bank of China, said at the press conference of the State Council Information Office on July 14 that in the first half of the year, the People's Bank of China promoted financing costs of the real economy to go stable-to-lower.

Jul 20, 2023 14:57

Industry

China’s Central Bank: The weighted average interest rate of new housing loans is 4.18%, 107 basis points lower than that of the same period last year

Heilongjiang will usher in the largest precipitation process since the flood season and start the four-level emergency response for flood control

The Heilongjiang Provincial Meteorological Bureau predicts that from July 13th to 16th, Heilongjiang will usher in the largest precipitation process since the flood season.

Jul 18, 2023 17:20

Industry

Heilongjiang will usher in the largest precipitation process since the flood season and start the four-level emergency response for flood control

General Administration of Customs: In the first half of the year, China's foreign trade import and export increased by 2.1% year-on-year

The State Council Information Office held a press conference at local time 10:00 this morning. The relevant person in charge of the General Administration of Customs introduced that China's foreign trade import and export increased by 2.1% year-on-year in the first half of the year, hitting a record.

Jul 18, 2023 17:09

Industry

General Administration of Customs: In the first half of the year, China's foreign trade import and export increased by 2.1% year-on-year

China Top Conglomerate Wanda Denied Rumours

Wanda Group issued a statement on its official website, denying the online rumours.

May 25, 2023 17:26

Industry

China Top Conglomerate Wanda Denied Rumours

Belarus Plans to Abandon Dollar and Euro Settlement with Some Trading Partners by End of Year

Belarus plans to abandon the use of the US dollar and the euro in trade settlements with other countries in the Eurasian Economic Union by the end of 2023, First Deputy Prime Minister Dmitry Snapkou said in a speech to parliament on May 24.

May 25, 2023 14:54

Industry

Belarus Plans to Abandon Dollar and Euro Settlement with Some Trading Partners by End of Year

Industry insiders Say International Bulk Commodities Prices Will Hardly Improve in the Second Half of the Year as Demand Dropped Significantly

"Don't hoard goods." Recently, some industry insiders have suggested on social media that the commodity market can hardly improve amid oversupply, and it is not advisable to hoard goods.

May 24, 2023 16:48

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

The amount of money available to pay bills in the US has increased, providing a respite for the government as it struggles to maintain spending until it finds a solution to the debt ceiling.

May 24, 2023 16:46

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

How Will a Weaker China Yuan Affect China A-Shares and Domestic Economy? Here’s the Answer

What impact will it have on the domestic economy in the process of recovery? Meanwhile, investors are particularly concerned about the impact of exchange rate fluctuations on A-shares.

May 24, 2023 15:00

Industry

How Will a Weaker China Yuan Affect China A-Shares and Domestic Economy? Here’s the Answer

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

China Commodity Supply and Demand Boomed in June

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo