QINGDAO, China, Oct 28 (Bernama-AsiaNet) — At the 2021 Land-sea Linkage Qingdao Summit held on October 22nd, Xinhua-SPG Port Commodity Index (“XH-SPG PCI”) was officially released in Qingdao.
XH-SPG PCI was developed and established by Shandong Port Group Co., Ltd. in collaboration with China Economic Information Service based on the advantageous varieties of Shandong Port. At present, the officially released XH-SPG PCI covers crude oil price index, iron ore inventory and entry and exit index, coke inventory and entry and exit index, steel billet price index and hot-rolled coil price index. It has been established to truly reflect the fluctuation trend of bulk commodity market of the Port and provide value benchmark and effective reference for port trade activities.