China News Service, June 17th. The National Development and Reform Commission held a June press conference today.
In response to the rapid increase in commodity prices in the previous period, press spokesperson Meng Wei said that through a series of measures, from the current situation, market speculation has begun to cool down. Some commodities, such as iron ore, steel, copper and other commodities, have begun to cool down. Prices have fallen back to varying degrees.
At the press conference, the reporter asked: Some time ago, the price of bulk commodities rose too fast, which had a greater impact on the real economy, especially the manufacturing enterprises. The National Development and Reform Commission has introduced a series of measures for this purpose. What is the current effect?
What other measures will be taken?
In addition, the National Grain Reserves Bureau recently announced that it will release copper, aluminum, zinc and other national reserves in the near future. Will it continue to be released in the next step?
Meng Wei said that in recent months, the prices of some commodities have risen sharply, and the increase has clearly deviated from the fundamentals of supply and demand, and has exceeded the reasonable range of recovery.
In response to this phenomenon, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the National Development and Reform Commission and relevant departments acted quickly and took multiple measures simultaneously, and achieved initial results.
The first is to strengthen the two-way adjustment of supply and demand. For example, implement policies such as raising export tariffs on some steel products, urge key coal companies to increase production and supply under the premise of ensuring safety, restrain the blind launch of "two highs" projects, and carry out "look back" inspections of steel reduction Wait.
The second is to carry out bulk commodity market supervision, jointly investigate market transactions, interview key industry companies and associations, investigate and verify clues related to suspected market manipulation and price drive up issues, and urge relevant market entities to operate in compliance with laws and regulations. The China Securities Regulatory Commission has established a regular consultation mechanism for the joint supervision of the futures and spot markets.
The third is to alleviate the difficulties in the production and operation of market entities, especially to increase the implementation of assistance policies for small and micro enterprises and individual industrial and commercial households.
Through a series of measures, judging from the current situation, the market speculation has begun to cool down, and the prices of some commodities, such as iron ore, steel, and copper, have fallen to varying degrees.
Meng Wei revealed that in order to effectively ensure the market supply and price stability of important livelihood commodities, the National Development and Reform Commission and relevant departments have recently issued the "Opinions on Improving the Price Control Mechanism of Important Livelihood Commodities", and issued the "Improve the Government’s Pork Reserve Regulation Mechanism to Improve Pork Work Plan for Maintaining Supply and Stabilizing Prices in the Market", and held a video conference to make comprehensive arrangements for the work of maintaining supply and stabilizing prices of important livelihood commodities.
This series of combination punches not only focus on the construction of long-term mechanism, but also face the solution of prominent problems, which is conducive to maintaining the supply of bulk commodities and stabilizing prices, and preventing price increases from affecting people's livelihood.
Meng Wei said that in the next step, the National Development and Reform Commission will thoroughly implement the deployment of the executive meeting of the State Council, and work with relevant departments to implement various key tasks. In particular, it will closely monitor market and price changes, increase revenue and reduce expenditure through multiple channels to maintain a dynamic balance between supply and demand. Intensive supervision of the large-term spot market to maintain normal market order.
At the same time, we will focus on the organization and implementation of the price control policies for people's livelihood commodities, establish and improve relevant mechanisms, improve the ability and level of price control, and ensure that the market supply and prices of people's livelihood commodities are basically stable.
Meng Wei also mentioned that yesterday, the State Bureau of Grain and Materials Reserve issued an announcement stating that it will organize the release of national reserves of copper, aluminum and zinc.
The launch is aimed at mid- and downstream processing and manufacturing enterprises, implementing open bidding, and preferring SMEs as much as possible in terms of participation conditions.
For a period of time in the future, we will also work with relevant parties to carry out multiple batch releases in a timely manner, depending on market changes, to increase market supply in a timely manner, ease the cost pressure of enterprises, and promote prices to return to a reasonable range.