China Will Continue to Increase Supervision of Futures and Spot Markets to Curb Excessive Speculation

SHANGHAI, Oct 21 (SMM) - The National Development and Reform Commission (NDRC) will do its best to ensure the stability of the supply and prices of bulk commodities, Jiang Yi, deputy director of the NDRC’s System Reform Department, stated at the NDRC press conference held on October 21.

In the next step, the NDRC will continue to work with relevant departments to strengthen the monitoring and analysis of bulk commodity prices, organise subsequent offerings of national reserves, take multiple measures to increase market supply, continue to increase the supervision of the futures and spot market, curb excessive speculation, and maintain a normal market order.

It is believed that with the implementation of a series of measures to ensure supply and stabilize prices, the effect of the policy will gradually appear, and the operating pressure of downstream enterprises will gradually be reduced.