China’s commodity index set to end 2026 up 17.6%, led by non-ferrous metals and chemicals
The logistics and purchasing federation projects a 132.1 average for the year. Non-ferrous metals lead; minerals and farm goods fall.
The China Federation of Logistics and Purchasing (CFLP) released its annual commodity price index report on November 1 and projects an average of 132.1 points for 2026, up 17.6% from the previous year, China News Service reported.
The largest increases are in non-ferrous metals (estimated average 162.2, +23.1%), chemicals (124.9, +22.1%) and energy (113.6, +14.8%). The report attributes the non-ferrous rise to demand from the energy transition, artificial intelligence and advanced equipment; energy and chemicals rose on tight oil and gas supply linked to the Middle East conflict and higher costs.
Ferrous metals were stable (80.5, +2.2%). Agriculture (96.4, −0.4%) and minerals (68.3, −7.4%) fell. According to Zhou Xu, vice-president of CFLP’s commodity market branch, industrial upgrading and the rise of new energy and AI are changing the structure of commodity demand.
CSP take: the rise concentrated in non-ferrous metals and chemicals is what most reaches importers of electronics, cables, plastics and packaging. Before accepting a price increase, compare the supplier’s request with the index for your main input. This reading is ours, not CFLP’s.
Original sources
CSP take marks the newsroom's interpretation; everything else comes from the cited sources.
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