According to a joint survey by the China Federation of Things Bulk Branch and Shanghai Ganglian and other units, the China Commodity ** Index (CBPI) released by the China Federation of Logistics and Purchasing in February 2024 was 1114. A slight decrease of 07%, year-on-year **75%。From the perspective of index operation, affected by the weakening demand during the Spring Festival holiday, the market continues to maintain a low operating trend, but there are obvious signs of bottoming. With the convening of the two sessions, the annual economic growth target and economic policy are gradually clear, the effect of the counter-cyclical adjustment policy is gradually emerging, and the production activities of enterprises are becoming more and more active after the holiday.
In terms of industries, the chemical ** index is month-on-month**, and the other **index**. Among them, the chemical ** index for two consecutive months**, reported 1155. Month-on-month**15%, year-on-year **13%；The black ** index edged lower at 91 after rising for three consecutive months5. Month-on-month**01%, year-on-year **85%；The non-ferrous ** index ran at a low level at 1175. Month-on-month slightly**08%, year-on-year **74%；The Energy ** Index continued to move lower at 1163. Month-on-month**09%, year-on-year increase **93%；The mineral ** index hit a low since January 2021 at 85, a month-on-month increase of **23%, year-on-year **102%；The agricultural product ** index hit a new low at 1019, month-on-month **31%, year-on-year **121%。
In terms of commodities, among the 50 commodities monitored by the China Federation of Logistics and Purchasing, compared with the previous month, 26 (52%) commodities and 24 (48%) commodities were among the top three commodities that fell month-on-month9% and 49%；The top three gainers were methanol, styrene-butadiene rubber and paraxylene, respectively8% and 29%。
China Commodity ** Index Survey Description.
1.Explanation of the main indicators.
China's Bulk Commodity Index (CBPI) is a set of index systems based on the development and operation of China's commodity market, as well as the development and operation trend of resources, supply and demand balance, and enterprise operating efficiency, based on the production and circulation of bulk commodities and circulation enterprises.
2.Scope of the investigation.
The China Commodity** Index (CBPI) covers all provinces, autonomous regions and municipalities directly under the Central Government (excluding Hong Kong, Macao and Taiwan). The survey method is based on the combination of key circulation enterprise survey, Internet platform data and commodity spot electronic trading market, and ensures the accuracy and representativeness of the data through the screening and calculation of massive sample data.
3.Calculation method:
The China Commodity** Index consists of one composite index and several individual indices. The indices are based on a weighted composite index method. The composite index is weighted by the energy** index, the chemical ** index, the black ** index, the non-ferrous ** index, the minerals** index and the agricultural ** index. Each individual index is made up of different commodity weights. The China Commodity ** Index is based on the average ** as of January 4, 2021, and the index has a basis point of 100.