China's Bulk Commodity price index rises for six straight months

The index tracking the development of China's bulk commodity market climbed for a sixth consecutive month in October, with a wider gain than in September, industry data showed on Wednesday.The figure stood at 113.2 in October, up 1.2 % month-on-month, marking six straight months of increases, according to the China Federation of Logistics and Purchasing (CFLP).The increase indicates stronger business confidence and a continued recovery in the bulk commodity market, as efforts to shore up growth have continued to take effect and global trade tensions ease, the federation said.Among the 50 key types of products monitored by the federation, 16 saw prices rise on a monthly basis, with electrolytic copper, corrugated paper and coking coal leading the gains, up 6.9 %, 6 % and 6 %, respectively, from September.Supported by a modest rebound in the construction sector, the sub-index tracking mineral prices rose 0.7 % month-on-month, reversing earlier weakness.