Yiwu Index: An Indicator of Small Commodity Prices and Market Quotation

Yiwu·China Commodity Index (Yiwu Index for short) is known as the "Dow Jones Index" of the global commodity industry. As a commodity trading market with complete functions, wide coverage, and high degree of specialization, Yiwu's small commodity market's trading scale, price trends, and prosperity have a certain impact on the national and even global consumer goods market. Before the "Yiwu Index", buyers could not judge the price trend of products in the next period of time, which made them unable to prepare in advance.

On October 22, 2006, the "Yiwu Index" composed of the small commodity price index, the small commodity market prosperity index and the small commodity market individual index officially released the first phase of the index to the world, creating a precedent of the market fair indexing. In the past 14 years, with the continuous expansion of the Yiwu market, the data collection and daily operation of the "Yiwu Index" have also been improved. At present, the sampling scope of "Yiwu Index" covers the five districts of Yiwu International Trade City. The sampling is divided into four levels according to 15 major categories, 97 medium categories, 525 subcategories, and 1964 subcategories, and the index representative product information in the market will be collected and calculated every Monday and Wednesday.

For Yiwu market operators, the "Yiwu Index" provides them with timely, accurate and authoritative business information. According to the trend of Yiwu Small Commodity Prosperity Index, they can organize the production of marketable commodities on the market in a timely manner, select operating varieties and  timing to purchase goods, maintain reasonable inventory, improve capital utilization, thereby enhancing business efficiency. Similarly, for Yiwu sourcing agents, they can determine the purchase price according to the price trend of Yiwu small commodities, and have the initiative to negotiate and trade. It can be said that today's "Yiwu Index" has become an important reference for China's major small commodity manufacturers and domestic and foreign buyers.

  • Introduction to Yiwu Wholesale Market and Purchase Skills

    Introduction to Yiwu Wholesale Market and Purchase Skills

    October 9, 2019Yiwu wholesale market, founded in 1982, is one of the earliest professional markets in China. At present, the total business area is more than 26 million square meters, with more than 50,000 business ...view
  • Fitness Equipment For Gyms or People who work at home

    Fitness Equipment For Gyms or People who work at home

    October 20, 2020This year because of the corono virus, Many companies at home and abroad have begun to work at home, people stay more time at home and with family, This year’s special circumstances have also made mo...view
  • What should we Take Attention when Opening the Retail Store

    What should we Take Attention when Opening the Retail Store

    May 14, 2019Before opening a retail store, you should have a detailed plan of a small retail store design to be prepared for danger, otherwise it will push itself into a difficult situation.Market Trends Should ...view
  • Benefits of Strategic Sourcing

    Benefits of Strategic Sourcing

    October 9, 2019Benefits of strategic sourcing are to fully balance the internal and external advantages of the enterprise, to reduce the overall cost as the purpose, covering the entire procurement process, to achi...view
Inquire Basket(0)