① Domestic consumption
Domestic consumption is mainly influenced by the income level or purchasing power of consumers, the number of consumers, the change of consumption structure, the discovery of new uses of goods, the price of substitutes and the convenience of obtaining them. These factors often have a greater impact on the demand and price of futures commodities than the spot market.
② Analysis of international market demand
Although the stable import volume is large, it has little influence on the international market price, and the unstable import volume is small, but it has great influence on the international market price. The export volume is the quantity of goods produced and processed in China that are sold to foreign markets, and it is one of the important factors that affect the domestic total demand. To analyze its changes, we should comprehensively consider the changes of various factors affecting exports, such as the supply and demand situation in the international and domestic markets, the price comparison between domestic sales and export, the changes of domestic export policies and import policies of importing countries, and the changes of tariffs and exchange rates. For example, China is one of the corn exporting countries, and the corn export volume is an important factor affecting the corn futures price.
③ Ending balance
On the one hand, it is an integral part of commodity demand and a necessary condition for normal social reproduction; On the other hand, it plays a role in balancing short-term supply and demand to a certain extent. When the supply of goods in this period is in short supply, the ending balance will decrease; Otherwise it will increase. Therefore, by analyzing the actual changes of inventory at the end of the current period, we can see the supply and demand of commodities in this period and its influence on the supply and demand and price of commodities in the next period from the perspective of physical movement of commodities.