The China Bulk Merchandise Index (CBMI) – falling for second month in a row – stood at 99.7% in June, down 0.5 percentage points MoM, according to data issued by the China Federation of Logistics & Purchasing.

The sub-index for bulk commodity supply was 101% in June, up 0.4 percentage points MoM. In detail, supply of iron ore was up 2.4% MoM, that of oil products stopped falling and was up 2.3% MoM, that of steel was up 1.9% MoM and that of chemicals was up 0.4% MoM.

The sub-index for sales was down to 98.5% in June after growing for three consecutive months. Sales volume of coal and oil products continued to increase, but the growth slowed down compared with May. Sales volume of nonferrous metals was down 2.4% MoM, and that of chemicals was down 1.1% MoM. Last decreases both occurred 15 months ago.

The sub-index for stocks was up 1.9 percentage points MoM to 100.3% in June. Products seeing stocks increases include steel (up 1.2% MoM), nonferrous metals (up 2.1% MoM), chemicals (up 1.4% MoM), etc. Stocks of coal fell 1.9% MoM (shrinking 1.7 percentage points MoM), and stocks of oil products declined 0.7% MoM (down 1.8 percentage points MoM).