China's commodity future prices fall on anti-inflation measures, NDRC says

08:21, November 26, 2010      

Email | Print | Subscribe | Comments | Forum 

China's top economic planning agency said Thursday the country's commodity futures prices had declined since the government stepped up measures to battle inflation.

Data collected by the National Development and Reform Commission (NDRC) showed average future prices of copper, zinc, rubber, cotton, plastics, soybean oil and sugar had fallen by more than 10 percent on Wednesday since Nov.11, the NDRC said in a statement on its website.

The statement said the fall was mainly a market response to a string of government measures to curb inflation.

The NDRC also attributed the fall to sluggish commodity future markets in Europe, the United States and Japan and profit-taking in the domestic market.

In another on-line statement posted Thursday, the NDRC urged local governments to cautiously handle price hikes of government-controlled commodities such as water, gas, power and oil, to alleviate economic pressures on enterprises and people.

The government has adopted various measures in the past week to boost agricultural production, increase supplies of farm produce and energy, and strengthen market supervision to combat price hikes, which saw the consumer price index (CPI) hit a 25-month high in October.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion