The China Bulk Commodity Price Index (CBPI), published by the China Federation of Logistics & Purchasing with the Shanghai Steel Union, stood at 137.0 points in October 2026, down 0.5% month on month but up 21.0% year on year.
The overall index was affected by continuing volatility in the Middle East, financial market turbulence and faster rises in some industries' raw material costs that could not be fully passed downstream.
The chemicals sub-index continued to climb, reaching 143.4 points, up 4.9% month on month and 48.0% year on year, well above the headline index.
Within chemicals, October saw sharp moves in several products, including sulfuric acid increases of RMB40-260 per tonne in several provinces and a methanol price correction of more than 25% after a six-year high, according to Longzhong data.
