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most commodity price rebound index declines narrowed significantly in september

2024-10-05

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the china federation of logistics and purchasing released the china commodity index for september today (5th). judging from the performance of the index, themarket demand picks up, central bank cuts interest rates and reserve requirement ratiosboosted by factors such asmost commodity prices have rebounded from lows, and the price index decline in september narrowed significantly compared with the previous month.

china's commodity price index in september was 110.1 points, down slightly by 0.2% from the previous month, and the decline was significantly narrowed by 3.4 percentage points from the previous month.looking at various sub-indexes, the price index for non-ferrous metals stopped falling and rebounded, the price index for ferrous and mineral products narrowed in decline, while the price index for agricultural products, energy and chemicals continued to decline.

among the 50 commodities monitored by the china federation of logistics and purchasing, the prices of commodities increased in september from 3 in august.expanded to 14 types. in,natural gas, praseodymium and neodymium oxide and natural rubber, compared with the previous monthincreases of 10.3%, 9.4% and 6.2%

experts said that global monetary policy is expected to shift from a tightening cycle to an easing cycle, which will help expand market demand, promote corporate investment, boost global commodity prices and confidence, and have a positive impact on global commodity supply and demand.

it is expected that in the fourth quarter, as corporate production and operation activities pick up, market confidence increases, and countercyclical adjustments of monetary and fiscal policies intensify, commodity market demand is expected to be further released, and the foundation for economic stabilization and improvement is expected to be further consolidated.

(cctv reporter wang shantao)