1. Price increase of imported goods: RMB depreciation means that the price of imported goods will become more expensive, because the price of imported goods denominated in RMB will rise with the decline of RMB exchange rate. This may lead to a decrease in the demand for imported goods, which will have an impact on the commodity futures market.
2. Rising raw material costs: For enterprises that rely on imported raw materials, the depreciation of RMB will lead to rising raw material costs, which may reduce the profitability of enterprises. Enterprises may respond to rising costs by raising product prices, but this may also lead to a decrease in demand, which will have an impact on the commodity futures market.
3. Capital flow: The depreciation of RMB may lead to capital outflow from China market, seeking more stable investment opportunities. This may lead to the tightening of liquidity in the China market, which will have an impact on the commodity futures market.
4. Market expectation: RMB depreciation may affect market expectation, causing investors to worry about the future economic situation, thus affecting the price fluctuation of commodity futures market.
It should be noted that the impact of RMB depreciation on commodity futures market depends on many factors, including market environment, policy adjustment and industry conditions. Investors should pay close attention to market dynamics and make careful decisions.