China commodity index hits 5-month high – WORLD

China commodity index reaches 5-month highIt was reported that the Chinese commodity index in February rose to the highest level in the last five months.China’s commodities index rose 2.4 points to 102.8 percent in February from the previous month, according to data released today by the China Logistics and Purchasing Federation. The data showed supply and sales indices rose and commodity market activity recovered. Although it was noted that the stability of the purchase of raw materials and the production activities of manufacturing companies has been maintained, it was stated that the development of the commodity market is expected to continue with an increase in demand and an improvement in the macroeconomic environment.