Bulk commodity market fares well

The bulk commodity market continued to grow in May with stable expansion in supply and sales, industrial data showed. The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood at 103.3 percent in May, down by 1.5 percentage points compared with April, according to the China Federation of Logistics and Purchasing. This marked the third consecutive month of CBMI growth, pointing to an improving business environment in the bulk commodity sector. The sub-index for bulk commodity supply expanded at a bigger margin while that for sales expanded slower in May compared with the previous month. nies had released their interim result forecasts, 769 of which expected higher profits, the newspaper said, citing data from financial information provider Wind. Among them, 153 companies forecast profits more than double those in the first half of this year. In general, listed firms in the A-share market sustained relatively high profitability in the first half. The better performance was attributed to expansionary main businesses, price rises, and industry recovery and restructuring. joint venture with China National Aviation Corp (Group) Ltd and YTO Express, the company said. Featuring automated warehousing and temperature-control solutions, the center will be put into operation in 2023 with an estimated gross floor area of 380,000 square meters. has launched three new energy models for its popular Cadillac, Buick and Baojun series in the China market. Tuesday after US crude dipped to its lowest level in two months earlier in the day. The West Texas Intermediate (WTI) slumped to two-month low of $64.22 a barrel in the morning session. announced tariffs of between 15 and 25 percent on steel and agricultural products from the United States.