China's bulk commodity market growth slows in August

BEIJING - China's bulk commodity market saw slower growth in August compared with July, industrial data showed.

The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 at 102.5 in August, from 104.8 in July, according to the China Federation of Logistics and Purchasing.

The sub-index for bulk commodity supply and inventory moderated in August, although still remaining in the expansion territory, while that for bulk commodity sales accelerated its growth.

It shows that the supply pressure is eased and demand for commodity starts to bounce back, signaling positive changes in the domestic bulk commodity market, the association said.