China News Service, Beijing, July 19 (Zhou Ruimei Yunqiu) Wan Jinsong, Director of the Price Department of the National Development and Reform Commission of China, said in response to a reporter’s question on the 19th that recently, the prices of bulk commodities have generally shown a downward trend. The year-on-year high in May fell by 3%-14%, driving the month-on-month increase of PPI in June to sharply narrowed by 1.3 percentage points from the previous month.
At a press conference held by the National Development and Reform Commission on the 19th, a reporter asked a question that since late May, various departments have taken a series of measures in response to unreasonable increases in commodity prices.
From the current point of view, what is the trend of commodity prices?
In this regard, Wan Jinsong said that the National Development and Reform Commission and relevant departments jointly held talks with key enterprises and industry associations such as iron ore, steel, copper, and aluminum. Organized the completion of the first batch of national reserves such as copper, aluminum and zinc.
He mentioned that at present, the above-mentioned series of measures have achieved initial results.
Recently, the prices of bulk commodities have generally shown a downward trend.
The market generally predicts that as the country's measures to maintain supply and stabilize prices continue to take effect, commodity prices will gradually return to a reasonable range.
At the same time, Wan Jinsong said that the National Development and Reform Commission will continue to work with relevant departments to strengthen the monitoring and forecast of commodity prices, organize subsequent batches of copper, aluminum, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.
Continue to strengthen the supervision of the futures spot market linkage, and severely crack down on price-raising, hoarding and other illegal price behaviors.
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