B[Thermal coal prices stand above the thousand yuan mark in the off-season] October 11th, entering the October coal market off-season, the thermal coal price once again stands above the thousand yuan mark. Wind data shows that as of October 10, the closing price of 5,500 kcal thermal coal (produced in Shanxi) at Qinhuangdao Port was reported at 1,003 yuan/ton, a year-on-year increase of 42.27%, breaking through the thousand yuan mark, setting a new high in the past two years. On the same day, CCTD Bohai Rim thermal coal spot reference price for 5500K specification product closed at 999 yuan/ton, an increase of 5 yuan/ton from the previous month, and was only one step away from the thousand-yuan mark. B[China’s bulk commodity price index rose 4.1% month-on-month in September] On October 5, the China Federation of Logistics and Purchasing announced today (5th) China’s bulk commodity price index. Judging from the index operation, with the arrival of the traditional peak season for production and construction, the acceleration of the implementation of major projects, and the continued improvement of manufacturing production and market demand, the commodity market sentiment level has further improved, laying a good foundation for the smooth operation of the economy in the fourth quarter. China's commodity price index in September was 137.6 points, up 4.1% month-on-month and 22.9% year-on-year. Among the 50 commodities monitored by the China Federation of Logistics and Purchasing, 38 commodities saw price increases month-on-month in September. Among them, methanol, ethylene glycol and coke were the top increasers, with month-on-month increases of 39.5%, 24.8% and 20.4% respectively. B[Demand picks up, commodity market performs well in August] On September 5, the China Federation of Logistics and Purchasing announced today the China Commodity Price Index for August. As domestic and foreign market demand rebounded, the impact of extreme weather weakened, and the supply and demand relationship in some industries improved, the index stopped falling and rebounded month-on-month, and the year-on-year increase expanded. China's commodity price index in August was 132.3 points, up 2.8% month-on-month and 18.4% year-on-year. Among the 50 commodities monitored by the China Federation of Logistics and Purchasing, 27 commodities saw price increases month-on-month in August. Among them, ethylene glycol, diesel and coking coal were the top increasers, with month-on-month increases of 18.2%, 10.1% and 8.9% respectively.
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