March China's bulk commodity price index increased by 4% month-on-month

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● Reporter Wang Shuyan

Data released by the China Federation of Logistics and Purchasing on April 5 show that in March 2026, China’s Bulk Commodity Price Index (CBPI) was 129.9 points, up 4% month over month and up 14.5% year over year. Judging from how the index has been performing, after the Spring Festival, enterprise production has rebounded steadily, market demand has been released relatively well, and both supply and demand have shown positive changes in both directions. The favorable foundation for the bulk commodities market has been further strengthened.

By commodity, among 50 bulk commodities that the China Federation of Logistics and Purchasing closely monitors, the prices of 38 (76%) bulk commodities rose compared with February, while 12 (24%) fell compared with February. The top three bulk commodities by price increase in March were diesel, methanol, and ethylene glycol, with month-over-month increases of 30.5%, 30.4%, and 29.3%, respectively.

By industry, the chemical industry price index surged in March, reaching 122.5 points, up 21.8% month over month and up 12.9% year over year; the energy price index rose quickly to 110.7 points, up 16.5% month over month and up 10.7% year over year; and the agricultural products price index continued to move higher to 101.1 points, up 2.8% month over month and up 3.8% year over year.

The CFLP said that currently, the situation in the Middle East remains tense, international bulk commodity prices are swinging sharply, and the risk from external inputs has increased. Uncertainty regarding imports of bulk commodities such as energy and chemicals is rising. Some enterprises face greater pressure from higher production costs. To maintain stability in the supply chain of the bulk commodities industry, it is necessary to further strengthen assessment and control of risks from external inputs, broaden sources of raw materials and make better use of substitutable resources, and enhance the market’s ability to withstand and respond to price volatility.

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Edited by Siyuan Zhao