SunSirs: Daily Report of China Bulk Commodity Data (August 8, 2024)

On August 7th, the commodity price index BPI was 906 points, a decrease of 2 points from yesterday, a decrease of 32.54% from the highest point of 1,343 points during the cycle (2021-10-19), and an increase of 37.27% from the lowest point of 660 points on February 3rd, 2016. (Note: The cycle refers to the period from December 1, 2011 to present)

According to the price monitoring of SunSirs, on August 7, 2024, there were a total of 19 commodities that showed a year-on-year increase in commodity prices, mainly concentrated in the chemical sector (6 in total) and the energy sector (4 in total). The top 3 commodities with the highest increase were dichloromethane (1.14%), pigs (0.75%), and aluminum (0.64%). A total of 59 products experienced a month on month decline, mainly in the chemical industry (18 in total) and steel (13 in total). The top three products with the highest decline were rapeseed meal (-3.74%), cotton skin (-2.35%), and dysprosium oxide (-2.24%).

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