People who pay attention to the market recently should know that commodity prices are generally rising. Because of the large increase, many people are worried about inflation. The National Development and Reform Commission responded to the recent increase in commodity prices. What are the specific details? Let's get to know each other.
National Development and Reform Commission responds to rising commodity prices
Peng Shaozong, deputy director of the National Development and Reform Commission, responded that at present, there is no overall and trend change at both ends of the supply and demand of bulk commodities, and their prices do not have the basis for long-term rise.
At present, China's economy has been integrated into the global economy, and the price trend will be influenced by external factors. Therefore, domestic commodity prices will be influenced by international commodities, and mainly transmitted to China through trade, finance and other channels. However, the influence of this kind of communication is usually limited and controllable.
For some time to come, the National Development and Reform Commission will continue to pay close attention to the price trends and price situation changes of domestic and foreign commodities, conform to market rules, and make every effort to ensure the overall stable operation of prices.
What commodity does commodity refer to?
Commodity refers to the material commodity that can enter the circulation field, but can't enter the retail link. It has the property of commodity and is widely used in industrial and agricultural production and consumption.
Commodities include energy, grain, basic metals, livestock, rare metals and cash crops.
1, energy
Without oil and gas (or feasible substitutes), modern society will deteriorate rapidly.
Therefore, the availability and trade of energy will affect social health.
Although there are many forms of energy, only a few are widely traded.
There are usually three different products in the energy field: crude oil, natural gas and refined oil.
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2. cereals
It refers to corn, soybean, wheat, rice and other crops, which have become the staple food all over the world.
Cereals usually have a long shelf life, and some crops can be planted many times a year.
3. Base metal
Mainly refers to ores, which are usually processed into copper, aluminum, nickel, zinc, lead, tin and iron by smelters and used in industrial production, including construction, infrastructure development and durable goods (automobiles, airplanes, ships, household goods and military products).
4. Livestock
Include pigs, cattle, sheep and poultry.
Due to the continuous improvement of people's living standards, the diet has shifted from plant products (rice and corn) to animal products (chicken, beef and pork) and processed food. Animal husbandry is related to grain market and per capita GDP.
5. Rare metals
Rare metals are rare in the earth's crust and sparsely distributed, so it is difficult to extract them from raw materials, which are mainly used for currency or industrial purposes.
Gold, silver and platinum can be used as media for value storage and raw materials for electronic products, automobile parts and jewelry.
Gold is usually used as a hedge against inflation.
6. Cash crops
Include cotton, coffee, sugar and cocoa.
Like livestock, the demand for cash crops is also related to global wealth (especially in emerging markets), as evidenced by the global popularity of coffee, sugar and cocoa.