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CN Nov Commodity Price Index Retreats to 112.4 MoM
The China Federation of Logistics and Purchasing (CFLP) released the Commodity Price Index of China for November. The index came in at 112.4 in November, down 0.8% MoM, mainly due ...
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CN Nov Commodity Price Index Retreats to 112.4 MoM
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The China Federation of Logistics and Purchasing (CFLP) released the Commodity Price Index of China for November. The index came in at 112.4 in November, down 0.8% MoM, mainly due to the impact of retreat of high prices of ferrous and non-ferrous metals, which led to a slight pullback in the index.

Of the 50 commodities monitored by the CFLP, 20 saw MoM price hikes in November. Among them, the Minerals Price Index drifted higher, suggesting an ongoing expansion of infrastructure-related activity. Meanwhile, the Agricultural Products Price Index also bottomed out, indicating a recovery in demand in the mainland consumption market.

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