AGL 8.30 Increased By ▲ 0.44 (5.6%)
ANL 10.59 Increased By ▲ 0.24 (2.32%)
AVN 78.60 Increased By ▲ 0.70 (0.9%)
BOP 5.45 Increased By ▲ 0.06 (1.11%)
CNERGY 5.59 Increased By ▲ 0.58 (11.58%)
EFERT 80.25 Decreased By ▼ -0.55 (-0.68%)
EPCL 69.60 Increased By ▲ 1.50 (2.2%)
FCCL 15.30 Increased By ▲ 0.74 (5.08%)
FFL 6.53 Increased By ▲ 0.33 (5.32%)
FLYNG 7.18 Increased By ▲ 0.53 (7.97%)
GGGL 10.85 Increased By ▲ 0.27 (2.55%)
GGL 16.79 Increased By ▲ 0.38 (2.32%)
GTECH 8.14 Increased By ▲ 0.02 (0.25%)
HUMNL 7.04 Increased By ▲ 0.02 (0.28%)
KEL 2.99 Increased By ▲ 0.11 (3.82%)
LOTCHEM 30.77 Increased By ▲ 2.24 (7.85%)
MLCF 28.98 Increased By ▲ 2.03 (7.53%)
OGDC 82.75 Increased By ▲ 0.60 (0.73%)
PAEL 16.97 Increased By ▲ 0.32 (1.92%)
PIBTL 6.08 Increased By ▲ 0.24 (4.11%)
PRL 18.10 Increased By ▲ 1.35 (8.06%)
SILK 1.15 Increased By ▲ 0.05 (4.55%)
TELE 11.25 Increased By ▲ 0.28 (2.55%)
TPL 9.20 Decreased By ▼ -0.02 (-0.22%)
TPLP 19.88 Increased By ▲ 0.22 (1.12%)
TREET 26.46 Increased By ▲ 0.55 (2.12%)
TRG 94.60 Increased By ▲ 0.99 (1.06%)
UNITY 19.50 Increased By ▲ 0.50 (2.63%)
WAVES 14.34 Increased By ▲ 0.78 (5.75%)
WTL 1.30 Increased By ▲ 0.06 (4.84%)
BR100 4,187 Increased By 80.1 (1.95%)
BR30 15,474 Increased By 343.5 (2.27%)
KSE100 42,096 Increased By 670.9 (1.62%)
KSE30 15,883 Increased By 222.7 (1.42%)
Markets

China says it will stabilise commodity market, step up trade and stockpiling adjustment

  • Prices for commodities such as steel, iron ore and copper have surged this year fueled by post-lockdown recoveries and easing liquidity globally.
  • The country also urged coal producers to boost production "in the premise of ensuring safety" to meet peak demand in summer, the cabinet said.
Published May 19, 2021

BEIJING: China will strengthen management of both supply and demand sides to curb "unreasonable" increases in commodity prices and prevent the pass-through to consumers, the country's cabinet said on Wednesday, according to a report by state broadcaster CCTV.

Prices for commodities such as steel, iron ore and copper have surged this year fueled by post-lockdown recoveries and easing liquidity globally.

China will step up adjustments on the trade and stockpiling of commodities and reinforce inspections on both spot and futures market, CCTV reported the cabinet meeting chaired by Premier Li Keqiang as saying.

It will strictly crack down malicious trading and inspect behaviours that bid up prices, the cabinet said.

The country also urged coal producers to boost production "in the premise of ensuring safety" to meet peak demand in summer, the cabinet said.

China will maintain stable monetary policy and keep yuan exchange rates basically steady, according to the cabinet.

The cabinet said China will help small and micro firms to cope with production and operation difficulties amid rising costs.

"(China) will implement tax reduction or exemption for small and micro companies... strengthen relending, rediscouting and guide banks to expand credit loans," the state media report said.

Comments

Comments are closed.