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NBS: Bulk commodities prices to hover high for some time

ABSTRACT

Domestic bulk commodities prices are closely correlating with the global prices and in general, global bulk commodities prices will probably be hovering high for some time, Fu Linghui, spokesperson of China’s National Bureau of Statistics (NBS) commented at the bureau’s press conference on August 16.
“Overall, global economy has been recovering and the demand has been picking up, while bulk commodities supplies have been tight with the stretch in the global freight capacity and rising prices on top of limited output from the world’s core raw material producing countries,” he said. Besides, most of the developed

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