China IoT: China’s commodity price index rose 1.3% month on month in February

On March 5th, the China Federation of Logistics and Purchasing announced the February China Commodity Price Index. The China Commodity Price Index for February was 112.6 points, up 1.3% month on month. Among the 50 bulk commodities monitored by the China Federation of Logistics and Purchasing, 25 of them saw a month on month price increase in February. Among them, the top three varieties with the highest increase were soybean meal, caustic soda, and praseodymium neodymium oxide, which increased by 18.7%, 8.3%, and 7.1% respectively compared to the previous month.

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