China's bulk commodity market has maintained overall stability this year while showing clear signs of a transition from traditional to emerging growth drivers, according to a new report on the market for 2025.
The findings, released by the China Federation of Logistics and Purchasing (CFLP), were presented during the ongoing 2025 International Bulk Commodities Market Development Conference, being held in Shanghai from Friday to Saturday.
According to the report, the annual average of China's bulk commodity price index for 2025 is projected to reach 112.1 points, reflecting a slight decrease of 0.1 percent compared to the previous year.
Among the 50 major bulk commodities closely monitored by the CFLP, only 10 are expected to see price increases in 2025. Notably, praseodymium-neodymium oxide, refined tin, and corrugated paper are forecast to rise by 43.4 percent, 20.6 percent, and 18.5 percent year-on-year, respectively.
The non-ferrous metals industry chain is anticipated to grow by 4.2 percent in 2025 compared to the previous year, driven by strong expansion in high-tech manufacturing sectors such as new energy, photovoltaics, and wind power, as well as advanced equipment manufacturing.
In contrast, the agricultural product price index is estimated to average 96.7 points, down 0.4 percent from the previous year, with supply and demand of key agricultural commodities remaining largely stable.
Experts noted that the bulk commodity price index is expected to follow a trajectory of starting low before climbing steadily in 2025, signaling that China's economic structure is optimizing toward a healthier and more sustainable model. Looking ahead to 2026, the resilience of the Chinese economy and its vast domestic demand potential will continue to serve as the most solid foundation for the bulk commodity market.
China's bulk commodity market shows stability, momentum shift in 2025: report
China's bulk commodity market shows stability, momentum shift in 2025: report
Dense fog and icy conditions have forced the closure of major expressways in multiple provincial-level regions across China since Friday morning.
At 12:00 on Friday, traffic control measures, including closures, remained in effect on 16 sections of national and provincial trunk roads in Hebei, Henan, Shandong and Xinjiang. Among these, two sections had their mainlines closed, while toll stations on 14 sections were shut.
Starting from the early hours of Friday, multiple areas in Dezhou City of Shandong Province experienced dense fog, with Xiajin, Pingyuan and Yucheng reporting visibility less than 100 meters.
In parts of Xiajin, visibility dropped below 50 meters, prompting local meteorological authorities to issue a red alert for dense fog.
Affected by the fog, temporary control measures were implemented on some expressways within Dezhou, with multiple entrances closed. Traffic police strengthened presence at service areas, entrances and exits of expressways to ensure road safety.
So far, all expressway entrances and exits in Dezhou have resumed normal operation.
Many areas in Hebei also experienced dense fog, with visibility less than 200 meters in eastern Baoding, western Cangzhou, Xingtai, and eastern Handan in the province. Some localities even reported visibility below 50 meters.
Shortly after 6:00, the Hebei Provincial Meteorological Observatory issued an orange alert for dense fog.
From 23:00 on Thursday to Friday morning, over 10 key routes in Hebei, including the Beijing-Hong Kong-Macao, Beijing-Kunming, Daqing-Guangzhou, Tianjin-Shijiazhuang, and Qingdao-Lanzhou expressways, were affected by dense fog.
Expressway traffic police closed some toll stations along these expressways according to fog conditions, and activated traffic diversion points to divert vehicles.
By 10:00 Friday, as visibility improved, some toll stations resumed operation.
On expressway sections with insufficient visibility, traffic police used patrol cars to lead and control the speed of vehicles, guiding stranded traffic to pass through orderly and safely.
Additionally, due to snowfall and icy road surfaces, control measures were taken on 28 expressway sections in Inner Mongolia, Heilongjiang and Xinjiang. Among them, the mainlines of 14 sections were closed, while toll gates were shut on the other 14 ones.
The National Meteorological Center (NMC) issued a blue alert for snowfall on Friday morning, with parts of Inner Mongolia, Heilongjiang and Gansu expected to be hit by heavy snow.
Foggy, icy weather forces road closure across China
