Industry News

China to boost commodity price supervision in push for industrial growth

Views : 193
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 >>
After steel and aluminum, Trump to impose tariffs on copper After steel and aluminum, Trump to impose tariffs on copper
Feb .28.2025
After steel and aluminum, Trump to impose tariffs on copper
Blastr Green Steel partners with Aurora Infrastructure for Finland plant Blastr Green Steel partners with Aurora Infrastructure for Finland plant
Feb .28.2025
Blastr Green Steel partners with Aurora Infrastructure for Finland plant
Steel Partners Holdings LP's 6.00% Cumulative Preferred Units Steel Partners Holdings LP's 6.00% Cumulative Preferred Units
Feb .28.2025
Steel Partners Holdings LP's 6.00% Cumulative Preferred Units
Oil prices advance despite concern over more US tariffs Oil prices advance despite concern over more US tariffs
Feb .28.2025
Oil prices advance despite concern over more US tariffs