In the face of the current situation of rising prices of nearly 80% of the 31 price-monitored commodities, an official of the price supervision and inspection department of the National Development and Reform Commission told reporters that many ministries and commissions, including the National Development and Reform Commission, are jointly formulating relevant price control measures.
This reporter learned that, in addition to the National Development and Reform Commission that controls the prices, the Ministry of Industry and Information Technology (hereinafter referred to as the Ministry of Industry and Information Technology), which is responsible for the management of industrial products, is also working hard to formulate measures to cope with the rise in the prices of industrial raw materials, and intends to carry out the industries that are endangered by rising raw material prices. Policy subsidies.
At this moment, the Chinese economy is facing tremendous pressure from a new round of “price increases†in industrial products and consumer goods. How can we achieve “smoothness†and control “overheating†on the premise of ensuring economic growth? The highest economic decision in China The proposition that the layer is to answer is not difficult.
The joint policy of controlling inflation brewing "stabilizing prices is the focus of our work." A person in charge of the price supervision and inspection department of the National Development and Reform Commission told reporters. The person recently visited many places to investigate local prices, including food prices and industrial raw material prices. In view of the current rapid increase in the price of goods, the source said that "the measures taken will be jointly formulated by multiple departments, and it is not yet easy to disclose."
The situation held by reporters shows that among the "multi-ministerial committees" that jointly formulate policies, the National Development and Reform Commission and the Ministry of Industry and Information Technology are the core departments. According to the "three-defining plan" after the reform of the major departments in 2009, these two departments are responsible for macro-level prices and industries respectively. Product price management.
An official from the Consumer Products Industries Division of the Ministry of Industry and Information Technology confirmed that the company has written a report on the policy of supporting the downstream industries in response to the rapid increase in cotton prices. The report has been reported to the State Department. At present, Xinjiang's cotton prices have risen rapidly, and it is difficult for downstream companies Under such circumstances, the price pressure on the end market has already appeared.
What makes these two sectors so sensitive to the "price issue" is the market price trend since October. The recent NDRC announced the monitoring of urban food retail prices in October. The monitoring aimed at 36 large and medium-sized cities such as Beijing, Shanghai, and Chongqing, and monitored foods including 31 products including vegetables, grain and oil, fresh meat and fruits. Statistics show that compared with September, the price of 24 kinds of products has risen to varying degrees, accounting for about 80% of the total statistical variety.
In addition to food, the prices of bulk commodities such as cotton, oil, and soybeans have continued to increase for several months. In the face of the current situation of rising prices, the reporter interviewed relevant persons from the Consumer Products and Industry Division of the Ministry of Industry and Information Technology. The source stated that “the rise in raw material prices has a particularly large impact on downstream industries.â€
A number of research institutions have successively issued forecasts for price increases. CITIC Securities predicts that the CPI for October will increase by 3.8% to 4% year-on-year, and Merrill Lynch predicts that the CPI for October will increase by 4% year-on-year.
A new round of price-control policy that focuses on price speculation with the National Development and Reform Commission and the Ministry of Industry and Information Technology as the core is also trying to control the current speculative behavior of the market atmosphere.
“Now the domestic speculation atmosphere is very strong.†Ma Zhongpu, an expert in the steel industry, told reporters. The reporter learned that although international iron ore prices are currently abnormally lower than domestic iron ore prices, "but domestic iron ore traders still insist on high prices and do not let go."
In the grain sector, food brokers at all levels started fighting for grabs as early as the end of September. "Now the cash flow is relatively abundant, and the expectation of rising food prices is relatively clear. Therefore, grabbing the autumn grain is something that every company is actively doing." A person from a large domestic grain and oil company told reporters.
For the craziest cotton industry in terms of price increase, “Now, once a day's price of cotton, the price increase has been transmitted downstream. Around the Spring Festival, the end product will have more obvious price increases.†Shijiazhuang, Hebei Changshan Hengxin Textile Company Marketing Department Su The manager told reporters.
The reporter learned that the NDRC has already taken precautions against the price increase in sensitive industries. With the current strong expectations of social inflation, the National Development and Reform Commission has taken amazing measures to increase the price of refined oil products.
The Development and Reform Commission stated that “the recent consumer price index is rising and the refined oil price is increasing. Although it may affect the social price increase to a certain extent, the real impact of refined oil price adjustment on the overall price level is very small.â€
In order to reduce the chain reaction of refined oil prices to the downstream, “clearly stipulates that some government-administered goods (or charges) of rail freight, etc., shall not be adjusted temporarily; on the other hand, all localities shall strictly strengthen market price monitoring and supervision and investigate them in accordance with the law. Irregular price increases and follow prices."
All companies want to countermeasures Under the dual pressure of domestic inflationary pressure and depreciation of the US dollar, manufacturing companies will suffer even greater losses.
The rise in raw material prices has had an impact on China’s manufacturing industry. “The factories that do foreign trade and processing are obviously 1% and 2% higher prices. I now have products in the warehouse facing rising raw material prices and the depreciation of the US dollar. Exports are equal to Losing money, so I can only think about online sales and other methods." Yiwu clothing company owner Liu told reporters.
In contrast, multinational companies have more experience facing the current complex situation.
Just before the press deadline, Alstom, one of the world's top 500 companies, announced that it will open the world's largest hydroelectric equipment factory in Tianjin, China, and the factory's orders have been scheduled for three years. “We have also considered the current price rises and inflation problems in China,†said Zhu Beihe, Alstom’s global executive vice president. “Our relevant departments will use a variety of combinations to hedge risks.â€
In addition, international companies have more experience in dealing with inflation. “I'm Brazilian. I have experience in experiencing inflation.†Zhu Beihe said, “Prices can rise by 40% overnight.â€
“If we have such an experience, we will consider that in the mid-term of the contract implementation, we will take risks into account.†It is understood that Alstom hired an intermediary company to deal with exchange rates, etc. in order to avoid the risk of dollar depreciation and inflation. Financial risks, "In China, our orders still tend to close." Zhu Qihe said.
For steel companies, “in 2008, steel mills have experienced iron ore ups and downs, so now faced with rising iron ore prices, steel mills will adopt a small part of the inventory, most of the procurement strategy to the market. Avoid the risk of inventory,†an iron ore trader in the North told reporters.
"Although there is now inflationary pressure, using *** as the main settlement currency is still an option to guard against risk," said Ma Zhongpu.
This reporter learned that, in addition to the National Development and Reform Commission that controls the prices, the Ministry of Industry and Information Technology (hereinafter referred to as the Ministry of Industry and Information Technology), which is responsible for the management of industrial products, is also working hard to formulate measures to cope with the rise in the prices of industrial raw materials, and intends to carry out the industries that are endangered by rising raw material prices. Policy subsidies.
At this moment, the Chinese economy is facing tremendous pressure from a new round of “price increases†in industrial products and consumer goods. How can we achieve “smoothness†and control “overheating†on the premise of ensuring economic growth? The highest economic decision in China The proposition that the layer is to answer is not difficult.
The joint policy of controlling inflation brewing "stabilizing prices is the focus of our work." A person in charge of the price supervision and inspection department of the National Development and Reform Commission told reporters. The person recently visited many places to investigate local prices, including food prices and industrial raw material prices. In view of the current rapid increase in the price of goods, the source said that "the measures taken will be jointly formulated by multiple departments, and it is not yet easy to disclose."
The situation held by reporters shows that among the "multi-ministerial committees" that jointly formulate policies, the National Development and Reform Commission and the Ministry of Industry and Information Technology are the core departments. According to the "three-defining plan" after the reform of the major departments in 2009, these two departments are responsible for macro-level prices and industries respectively. Product price management.
An official from the Consumer Products Industries Division of the Ministry of Industry and Information Technology confirmed that the company has written a report on the policy of supporting the downstream industries in response to the rapid increase in cotton prices. The report has been reported to the State Department. At present, Xinjiang's cotton prices have risen rapidly, and it is difficult for downstream companies Under such circumstances, the price pressure on the end market has already appeared.
What makes these two sectors so sensitive to the "price issue" is the market price trend since October. The recent NDRC announced the monitoring of urban food retail prices in October. The monitoring aimed at 36 large and medium-sized cities such as Beijing, Shanghai, and Chongqing, and monitored foods including 31 products including vegetables, grain and oil, fresh meat and fruits. Statistics show that compared with September, the price of 24 kinds of products has risen to varying degrees, accounting for about 80% of the total statistical variety.
In addition to food, the prices of bulk commodities such as cotton, oil, and soybeans have continued to increase for several months. In the face of the current situation of rising prices, the reporter interviewed relevant persons from the Consumer Products and Industry Division of the Ministry of Industry and Information Technology. The source stated that “the rise in raw material prices has a particularly large impact on downstream industries.â€
A number of research institutions have successively issued forecasts for price increases. CITIC Securities predicts that the CPI for October will increase by 3.8% to 4% year-on-year, and Merrill Lynch predicts that the CPI for October will increase by 4% year-on-year.
A new round of price-control policy that focuses on price speculation with the National Development and Reform Commission and the Ministry of Industry and Information Technology as the core is also trying to control the current speculative behavior of the market atmosphere.
“Now the domestic speculation atmosphere is very strong.†Ma Zhongpu, an expert in the steel industry, told reporters. The reporter learned that although international iron ore prices are currently abnormally lower than domestic iron ore prices, "but domestic iron ore traders still insist on high prices and do not let go."
In the grain sector, food brokers at all levels started fighting for grabs as early as the end of September. "Now the cash flow is relatively abundant, and the expectation of rising food prices is relatively clear. Therefore, grabbing the autumn grain is something that every company is actively doing." A person from a large domestic grain and oil company told reporters.
For the craziest cotton industry in terms of price increase, “Now, once a day's price of cotton, the price increase has been transmitted downstream. Around the Spring Festival, the end product will have more obvious price increases.†Shijiazhuang, Hebei Changshan Hengxin Textile Company Marketing Department Su The manager told reporters.
The reporter learned that the NDRC has already taken precautions against the price increase in sensitive industries. With the current strong expectations of social inflation, the National Development and Reform Commission has taken amazing measures to increase the price of refined oil products.
The Development and Reform Commission stated that “the recent consumer price index is rising and the refined oil price is increasing. Although it may affect the social price increase to a certain extent, the real impact of refined oil price adjustment on the overall price level is very small.â€
In order to reduce the chain reaction of refined oil prices to the downstream, “clearly stipulates that some government-administered goods (or charges) of rail freight, etc., shall not be adjusted temporarily; on the other hand, all localities shall strictly strengthen market price monitoring and supervision and investigate them in accordance with the law. Irregular price increases and follow prices."
All companies want to countermeasures Under the dual pressure of domestic inflationary pressure and depreciation of the US dollar, manufacturing companies will suffer even greater losses.
The rise in raw material prices has had an impact on China’s manufacturing industry. “The factories that do foreign trade and processing are obviously 1% and 2% higher prices. I now have products in the warehouse facing rising raw material prices and the depreciation of the US dollar. Exports are equal to Losing money, so I can only think about online sales and other methods." Yiwu clothing company owner Liu told reporters.
In contrast, multinational companies have more experience facing the current complex situation.
Just before the press deadline, Alstom, one of the world's top 500 companies, announced that it will open the world's largest hydroelectric equipment factory in Tianjin, China, and the factory's orders have been scheduled for three years. “We have also considered the current price rises and inflation problems in China,†said Zhu Beihe, Alstom’s global executive vice president. “Our relevant departments will use a variety of combinations to hedge risks.â€
In addition, international companies have more experience in dealing with inflation. “I'm Brazilian. I have experience in experiencing inflation.†Zhu Beihe said, “Prices can rise by 40% overnight.â€
“If we have such an experience, we will consider that in the mid-term of the contract implementation, we will take risks into account.†It is understood that Alstom hired an intermediary company to deal with exchange rates, etc. in order to avoid the risk of dollar depreciation and inflation. Financial risks, "In China, our orders still tend to close." Zhu Qihe said.
For steel companies, “in 2008, steel mills have experienced iron ore ups and downs, so now faced with rising iron ore prices, steel mills will adopt a small part of the inventory, most of the procurement strategy to the market. Avoid the risk of inventory,†an iron ore trader in the North told reporters.
"Although there is now inflationary pressure, using *** as the main settlement currency is still an option to guard against risk," said Ma Zhongpu.
Bars
Jiangsu Minglu Stainless steel Co.,ltd , https://www.minglufastener.com