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China’s bulk commodity index rises to 132.1 in April; growth moderates but trend remains steady: data

2026-05-06 09:33   环球时报网英文版

  A Chinese expert said the domestic bulk commodity market has demonstrated strong resilience and risk resistance in the face of external shocks, underpinned by China"s comprehensive industrial system, vast domestic market and effective macroeconomic regulation.

  However, uncertainties in imported energy and chemical feedstocks remain elevated. Companies are advised to diversify sourcing channels, strengthen risk management capabilities, and build cooperative mechanisms across the industrial chain to share benefits and risks, so as to safeguard the stability and security of supply chains, read CMG"s report.

  "Recent volatility in bulk commodity prices has been driven largely by rising external uncertainties, particularly tensions in the Middle East that have pushed up oil and gas prices. Higher energy costs are feeding through to downstream sectors, lifting chemical prices and weighing on global markets,"Bian Yongzu, executive deputy editor-in-chief of Modernization of Management magazine, told the Global Times on Tuesday.

  Bian said China"s bulk commodity price increases have remained relatively moderate, with the market showing resilience, underpinned by stronger energy security and a robust industrial system. He noted that increased domestic oil and gas exploration has boosted supply capacity, while rapid expansion of new energy — with EV penetration exceeding 50 percent alongside growth in wind, solar and hydropower — has significantly reduced reliance on oil.

  Bian said that, amid persistent global uncertainties, China remains partly reliant on external resources, making it essential to strengthen supply chain security and resilience. He added that further diversifying energy and bulk commodity imports should be a priority.

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