China Commodity Supply and Demand Boomed in June

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.

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