A huge vessel with four gantry cranes docks at a wharf of the Zhoushan port. [Photo by Yao Feng/For China Daily]
BEIJING - China's bulk commodity market grew steadily in April with stable expansion in supply and sales, industrial data has showed.
The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood at 104.8 percent in April, up by 1.7 percentage points compared with March, according to the China Federation of Logistics & Purchasing earlier this month.
This marked the second consecutive month of CBMI growth, pointing to an improving business environment in the bulk commodity sector.
Both the sub-indices for bulk commodity supply and sales expanded compared with the previous month.
The sub-index for stocks dropped in April thanks to stronger sales after it kept rising for 14 months in a row.