Core Insights - The China Commodity Price Index (CBPI) for September 2025 is reported at 111.9 points, reflecting a month-on-month increase of 0.2% and a year-on-year increase of 1.7%, indicating a stable overall operation in the commodity market [1][7] Price Index Overview - The non-ferrous price index rose to 131.8 points, with a month-on-month increase of 1.1% and a year-on-year increase of 5.7% [3] - The black metal price index decreased to 79.0 points, showing a month-on-month decline of 0.8% and a year-on-year increase of 0.7% [3] Price Changes by Commodity - Among 50 monitored commodities, 18 saw price increases in September, with notable rises in corrugated paper (6%), caustic soda (2.5%), and electrolytic copper (2.3%) [6] - Conversely, carbon lithium, urea, and corn starch experienced the largest declines, with month-on-month decreases of 5.5%, 4.3%, and 3.3% respectively [6] Sector Analysis - The mineral price index showed low volatility at 70.4 points, with a month-on-month decrease of 0.1% and a year-on-year decrease of 11.4% [8] - The energy price index slightly declined to 98.0 points, reflecting a month-on-month decrease of 0.7% and a year-on-year decrease of 5.4% [8] - The chemical price index continued its downward trend at 100.0 points, with a month-on-month decrease of 1.9% and a year-on-year decrease of 9.1% [8] Market Dynamics - Analysts noted that the recovery in demand during the peak season was generally below expectations, contributing to the fluctuations in the mineral price index [9] - The energy price index's decline was attributed to reduced gasoline demand post-summer and adverse weather affecting construction projects [9] - The chemical sector faced pressure from weak market demand and the introduction of new production capacities [9]
大宗商品价格指数连续5个月环比上升 有色价格指数继续走高
Xin Hua Cai Jing·2025-10-05 02:04