China's bulk commodity price index continued its upward trend in November, marking the seventh straight month of month-on-month gains and outperforming the same period last year, according to the China Federation of Logistics and Purchasing (CFLP).
The index stood at 114.1 points in November, up 0.8 percent from October and 1.6 percent higher than the same month last year, according to data released by the CFLP on Friday.
Among the 50 major types of commodities monitored by the federation, 25 saw prices rise on a monthly basis.
The strongest gains were recorded in lithium carbonate, coke, and corrugated paper, up 15 percent, 7.2 percent and 7.1 percent, respectively.
By sector, the sub-index for non-ferrous metals prices went up 1.4 percent month on month, supported by the rapid growth of the global new energy industry and the steady expansion in China's high-tech manufacturing sector.
Energy and agricultural product prices rebounded month on month by 1.2 percent and 0.9 percent, respectively, driven by rising seasonal heating demand and tighter supplies of certain farm produce.