Industry News

China to boost commodity price supervision in push for industrial growth

Views : 217
Update time : 2022-02-18 21:02:02

In a joint notice, the National Development and Reform Commission (NDRC) and other regulators announced 18 measures in a notice involving fiscal, financial, environmental and more policies to prop up the industrial sector in the world's second-largest economy.

The NDRC said the authorities would ensure supply and stabilise prices of primary products and key raw materials, including iron-ore and fertiliser.

They also pledged to reinforce futures and spot market supervision of commodities and strengthen price monitoring.

China sought with a raft of measures recently to cool rapid growth in iron-ore, a key steelmaking ingredient, to maintain market order and protect downstream users.

The most-traded iron-ore futures on Dalian Commodity Exchange posted the biggest weekly decline in nearly two years. 

Related News
Read More >>
2025 SMM field trip to Indonesia's aluminium industry: Second Stop - Huafon Group's Jakarta office 2025 SMM field trip to Indonesia's aluminium industry: Second Stop - Huafon Group's Jakarta office
Jun .23.2025
2025 SMM field trip to Indonesia's aluminium industry: Second Stop - Huafon Group's Jakarta office
Has the inflection point of inventory buildup in social inventory of aluminium ingots already formed? The bullish market sentiment still dominates Has the inflection point of inventory buildup in social inventory of aluminium ingots already formed? The bullish market sentiment still dominates
Jun .23.2025
Has the inflection point of inventory buildup in social inventory of aluminium ingots already formed? The bullish market sentiment still dominates
ArcelorMittal stops German decarbonization projects due to unfavorable environmental conditions ArcelorMittal stops German decarbonization projects due to unfavorable environmental conditions
Jun .23.2025
ArcelorMittal stops German decarbonization projects due to unfavorable environmental conditions
Global primary aluminum market has surplus of 226,300 tons in Apr Global primary aluminum market has surplus of 226,300 tons in Apr
Jun .23.2025
Global primary aluminum market has surplus of 226,300 tons in Apr