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The draft of the Politburo meeting prompts the price of raw materials
【Time:2021-08-02 17:02】 【Traffic:

 The draft of the Politburo meeting prompts the price of raw materials

    In the critical period when the economy is still facing many uncertainties in the second half of the year, the National Standing Committee will hold a meeting to discuss the economic work conference in the second half of the year and give instructions on economic deployment in major areas.
    It was pointed out in the draft that this meeting made the work deployment of “doing a good job in ensuring the supply of bulk commodities and stabilizing prices”. Affected the virtuous circle of the economy, especially the development of small and medium-sized enterprises, which is of great concern to the central government in the second half of the year.
    In fact, at the central level, "guarantee supply and stabilize prices" is again required to correct the "movement-style ‘carbon reduction’". Since the sudden RRR cut at the beginning of last month to release trillions of liquidity, there is a high probability that prices will rise in the second half of the year, and the pressure to stabilize prices still exists. It is also a precaution to cool the black series in advance, and the slowdown in terminal demand will dominate the rebalancing of the upstream and downstream of the black series. , And pushing iron ore prices down has become an inevitable choice.
    Looking back on the policy trends of the last week, the country has begun to use national reserves of non-ferrous metals such as copper, zinc, tin, etc., to maintain supply to the market, and stabilize raw material market prices and volatility.
 
Summary of major international steel market prices on August 2
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