Development and Reform Commission of Commodity Prices Rising: Does not have a long-term basis for rising prices

Original title: The rise in commodity prices attracts attention.

Original source: Economic Information Daily

Recently, the rise in commodity prices has caused widespread concern in the market.

According to the latest data from the National Bureau of Statistics, the national factory prices for industrial producers in March rose 4.

Specifically, international crude oil prices continued to rise, driving the price increase of domestic petroleum-related industries to expand.

In addition, affected by the increase in the price of imported iron ore, the increase in domestic industrial production and investment demand, the price of ferrous metal smelting and rolling processing industry increased by 4.

Regarding the rise in prices of bulk commodities, which led to an unexpected rebound in PPI, many market participants said they need to pay more attention to the trend of bulk commodity prices and inflationary pressure.

Hua Changchun, the global chief economist of Guotai Junan Securities Research Institute, said that the recent increase in bulk prices has slowed down, and the market is fully expected to increase inflation.

The relevant person in charge of the National Development and Reform Commission said that the recent rise in international commodity prices is mainly due to the intertwined results of multiple factors such as short-term changes in supply and demand, ample liquidity, and speculation.

On April 8, the Financial Stability and Development Committee of the State Council held its fiftieth meeting and emphasized that prices should be kept basically stable, with particular attention to the trend of commodity prices.