Tin prices rise

Inventory turning point show tin prices rise shock. Commodity prices have accelerated this year and global inflation expectations have risen.Meng Wei, spokesman for the National Development and Reform Commission, said on April 19 that the recovery is the result of a combination of multiple factors, including the gradual recovery of the global economy, short-term adjustment in the supply-demand relationship, abundant liquidity and speculation.

In the recent period, in the global liquidity, the recovery of market demand, the short-term shortage of supply and other factors, the international commodity prices have a wave of rise.Liu Aihua, spokesperson for the National Bureau of Statistics (NBS) and director general of the National Economic Statistics Department, said data from international organizations showed that the average international energy price rose 35.3% in the first quarter from the previous month, while the average non-energy price rose 11.8%, a relatively high rate in recent years.

From the recent price trend of some raw materials in our country, it also shows a rising trend.PPI reversed that trend in January after nearly a year and a half of uninterrupted declines.PPI rose 0.3 per cent year-on-year in January, 1.7 per cent in February and 4.4 per cent in March.Oil-related and metals-related industries were the main drivers of the 4.4% rise in PPI in March.Among them, the average price for oil-related industries rose 11.1 percent year on year, and the average price for metal-related industries rose 17.6 percent.Generally speaking, PPI is a structural growth, mainly caused by rising prices of means of production.Production inputs were up 5.8% in March from a year earlier.Subsistence prices remained relatively stable, rising by 0.1% year on year.

'Price movements are objectively influenced by external factors, but the transmission effect is generally limited and controllable,' Mr. Meng said.At the same time, we have ample macro-policy space. The cycle of industry, market and supply and demand has markedly improved, and a new development pattern is being formed at a faster pace.Therefore, the stable operation of prices has a solid foundation.

China is one of the world's major consumers of bulk commodities, and the rise in commodity prices this year has had a certain impact on China's economy, Xu Guangrui, executive director of China Future Science and Technology Research Institute, said in an interview with reporters.However, given the strong resilience of China's domestic market, the state's macroeconomic policy regulation and sufficient toolbox reserves, coupled with the global demand for bulk commodities is still unstable, the sustainability of this round of commodity price rise and the actual transmission effect on the consumer end is limited, and significant inflation will not occur.

Liu Xinwei, an analyst with Zhuochuang Information Research Institute, told reporters that the significantly undervalued commodities have been favored by capital since the fourth quarter of last year, with crude oil, iron ore, copper and other dollar-denominated commodities becoming the target of choice.The high sensitivity of domestic real enterprises to price should be transformed into positive countermeasures. In addition to making good price prediction, it is also an inevitable choice to make more and better use of futures, options, insurance and other tools.