00:00China's bulk commodity price index stood at 128.6 points in July, down 1.3% month-on-month, but
00:08still up 15.5% from a year earlier, according to data released by the China Federation of Logistics and
00:16Purchasing on Wednesday.
00:17Among the 50 major bulk commodities monitored by the Federation, 14 recorded month-on-month price increases in July.
00:27The price indices for chemicals, ferrous petals and minerals all dropped month-on-month, weighed down by softening international crude
00:35oil prices, traditional off-season demand and extreme weather events, including high temperatures, heavy rains and typhoons.
00:43In contrast, the agricultural product price sub-index rebounded slightly month-on-month, driven by tight supplies and rainfall-related
00:51disruption for certain varieties.
00:53Experts say that the month-on-month decline in July was partly attributed to falling international crude prices and seasonal
01:01adjustments amid sweltering heat and rainy weather.
01:04Despite a complex international landscape and lackluster effective demand in some domestic sectors, businesses remained broadly optimistic about the outlook
01:12while new growth drivers continued to expand.
01:15They say the year-on-year increase showed that the fundamentals of China's bulk commodity market remain solid overall while
01:22the month-on-month decline is more of a structural adjustment,
01:26which does not change the long-term positive trajectory of the market.
01:29should go to the otherlie?
01:29should go to the other city and stay wherever that is the university really platelet.
01:30should go to the other local government.
01:31should go to the instantaneous处 ע lagi impenzeit.
01:31jest ahead.
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