In this regard, many people are also worried that China, as a big importer of commodities, will be affected? Recently, the National Development and Reform Commission also made a clear response. Let's look at the specific situation.
Recently, global inflation has aroused widespread concern. We should know that the prices of crude oil, steel, agricultural products and other commodities in the international market have risen sharply this year.
In this regard, many people are also worried that China, as a big importer of commodities, will be affected? Recently, the National Development and Reform Commission also made a clear response. Let's look at the specific situation.
(Source: CCTV News)
What does commodity mean?
Bulk commodities refer to material commodities that can enter the circulation field, not retail, and have commodity attributes and are used for industrial and agricultural production and consumption.
In the field of financial investment, bulk commodities refer to homogeneous and tradable commodities widely used as industrial basic materials, such as crude oil, non-ferrous metals, agricultural products, iron ore and coal.
Current domestic commodity prices (Source: Guangzhou Daily)
This week (March 22-March 26), the domestic commodity market, energy, non-ferrous metals and building materials sectors all rose sharply, the transaction volume increased greatly, and the attention of funds increased.
The agricultural sector also rose.
On Tuesday, in the domestic futures market, the main crude oil contract rose by 1.22%, and the intraday increase once exceeded 2.5%, showing obvious signs of technical bottoming.
Specifically, Shanghai zinc products of Shanghai Futures Exchange surged 2% to 4% across the board on Monday, and its forward contract still closed up 3.03% on Tuesday.
The main soybean of Dalian Commodity Exchange rose more than 1% on Tuesday, and the main soybean oil rose by 3.36%.
National Development and Reform Commission responds to rising commodity prices
According to the analysis of the National Development and Reform Commission, although China has been deeply integrated into the global economy, prices are affected by external factors to a certain extent, but this influence is limited and controllable on the whole.
Fundamentally speaking, China has ample macro-policy space, huge domestic market support, strong economic development resilience and potential, and abundant industrial and agricultural supply, which has laid a solid foundation for the stable operation of prices.
Specifically, from the consumer price index (CPI), on the one hand, food and services account for a high proportion in CPI and are less affected by international factors.
Among them, the prices of vegetables and fruits change seasonally, and the price of pork is expected to gradually return to normal level with the recovery of pig production; On the other hand, China's industrial system is huge, the industrial chain is long, and the competition in the industrial consumer goods market is fierce. The transmission effect of upstream costs on downstream will gradually decline, and it is expected that the price of end consumer goods will be less affected.
Generally speaking, fundamentally speaking, China has sufficient macro-policy space and strong domestic market support. The problem of global inflation has little impact on China, and commodity prices have no basis for long-term rise.