Chinanews.com, May 18th. Jin Xiandong, director of the Policy Research Office of the National Development and Reform Commission and spokesperson, pointed out that recently, the price of some commodities has risen sharply, mainly due to the superimposed influence of factors such as rising international commodity prices, loose global liquidity, and market expectations. .
With the continuous release of the guiding role of price signals for the production and circulation of raw materials, commodity prices will gradually return to the fundamentals of supply and demand; the National Development and Reform Commission will continue to work with relevant departments to continuously strengthen monitoring and early warning, strengthen market supervision, and take targeted measures to effectively maintain market stability. .
The National Development and Reform Commission held a press conference on the 18th. Some reporters asked questions. Recently, the prices of bulk commodities such as steel, nonferrous metals and coal have risen sharply, and the PPI recorded a new high in April.
The price increase of some raw materials began to be transmitted to the consumer side.
How to analyze the reasons and the impact on the industrial chain?
What is the follow-up trend of PPI?
What are the countermeasures?
Jin Xiandong pointed out that recently, the prices of some commodities have risen sharply, mainly due to the superimposed influence of factors such as rising international commodity prices, loose global liquidity, and market expectations.
The rise in commodity prices has both pros and cons on my country. On the one hand, it is conducive to improving the profitability of upstream raw material companies and reducing debt risks. On the other hand, it will also increase the operating costs of mid- and downstream manufacturing and affect the efficiency of the industry.
In April this year, the producer price index (PPI) of industrial producers rose by 6.8% year-on-year; in the first four months, the PPI rose by 3.3% year-on-year.
From the perspective of future trends, due to the transmission effect of international commodity prices and the low base in the same period last year, the PPI growth rate may further expand in recent months, and the PPI year-on-year growth rate in the second quarter may continue to rise.
However, with the continuous release of price signals to guide the production and circulation of raw materials, commodity prices will gradually return to the fundamentals of supply and demand.
The year-on-year growth rate of PPI for the whole year is expected to show a trend of "low at both ends and high in the middle".
Jin Xiandong said that in response to the recent new situations and new problems in the bulk commodity sector, the National Development and Reform Commission has, in conjunction with relevant departments, introduced policies to adjust and improve steel import and export, and strengthen the supervision of the futures market.
"We will coordinate the domestic and international markets and two resources to effectively strengthen supply guarantee." Jin Xiandong pointed out that at present, the National Development and Reform Commission and the State Administration of Market Supervision are jointly investigating market conditions such as steel and iron ore to further understand industry trends.
In the next step, the National Development and Reform Commission will continue to work with relevant departments to continuously strengthen monitoring and early warning, strengthen market supervision, and take targeted measures to effectively maintain market stability.