China’s June Commodity Price Index Slips 1.7% M/m to 130.3: CFLP

China’s China Federation of Logistics and Purchasing (CFLP) said China’s bulk commodity price index fell to 130.3 points in June, down 1.7% month on month and up 17.6% year on year, according to Jiemian News. Among 50 commodities monitored by the CFLP, prices rose month on month for 11 in June; coking coal, coke and corrugated paper posted the largest gains, up 20.3%, 11.2% and 5.3%, respectively. By sector, the chemicals price index fell 4.8% month on month as international oil prices dropped amid easing Middle East tensions. The energy price index rose 0.8% month on month, supported by tighter short-term supply of coking coal and coke and higher seasonal summer energy demand.