Fell! Commodities and raw materials collectively fall back!

Affected by factors such as domestic and foreign supply and demand, and fluctuations in external markets, the prices of my country’s agricultural products, energy and chemicals, and black commodities have fluctuated significantly recently. At the same time, the transmission effect of commodity prices has also attracted much attention. The April Industrial Producer Price Index showed that the price increase of ferrous metal smelting and rolling processing industries expanded due to increased demand and rising costs of raw materials such as iron ore.

Recently, the three commodity futures exchanges have issued relevant announcements to remind market risks. On May 13, bulk commodities fell collectively. By the end of the afternoon of May 13, most domestic commodity futures closed down, and the black series fell collectively. Iron ore fell more than 7%, thermal coal, manganese silicon fell more than 4%, coke, Coking coal fell by more than 3%, while Shanghai nickel, PTA, hot roll, and starch fell by more than 2%.