Chinas bulk commodity market growth eases in May

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2021-06-09

AworkerofHBISGroupTangsteelCompanypatrolsatthesteelcoilstorageareainTangshan,northChinasHebeiProvince,May31,2019.(Xinhua/MuYu)BEIJING,June6(Xinhua)--GrowthofChinasbulkcommoditymarketmoderatedtoafive-monthlowinMay,withsales,supplyandstocksreportingmonth-on-monthcontraction,,agaugeofdomesticbulkcommoditymarketgrowth,,nsecutivemonthsofgrowth,accordingtotheChinaFederationofLogisticsandPurchasing(CFLP).Thesub-indicesforbulkcommoditysalesandsupplypostedslowermonth-on-monthexpansioninMay,whilethesub-indexforstockscontinuedtodecreasefromthemonthbefore,pointingtoanearlier-,themarketisexpectedtobeshoredupbydemandthathadbeenweigheddownduringthepastfewmonthsduetosurgingprices,,China,thecountryhasbeenratchetingupregulatoryeffortstofendoffrisingrawmaterialcostsandstabilizethemarket.(Webeditor:GuoWenrui,LiangJun)。