Home > News > Industry News

International commodity prices will continue to rise


Regarding commodity prices, changes in domestic commodity prices are closely linked to the international market. In general, the high prices of international commodities will continue for some time.
First, the global economy is recovering as a whole, and market demand is increasing.
Second, the main raw material producing countries have tight supply of bulk commodities due to the epidemic and other factors, especially the tight international shipping capacity. International shipping prices are rising, which has also pushed the prices of related commodities to remain high.
Third, due to the fiscal stimulus and currency liquidity of some major developed economies, the fiscal stimulus is relatively large and the market liquidity is relatively abundant, which has increased the pressure on commodity prices.

Therefore, in the near term, international bulk commodity prices continue to exist due to the above three factors, and the high-level operation of bulk commodity prices will continue.