China’s NDRC: Have achieved preliminary results in curbing price surges in commodity prices

China’s National Development and Reform Commission, the country’s state planner, announced progress in their attempts to curb the surge in commodity prices.

Key quotes

“Has achieved preliminary results in curbing price surges in commodity prices.”

“Will step up supervision on spot and futures market and safeguard normal market order. “

“Will work with other departments to release state reserves at an appropriate time to increase market supply, reduce firms’ cost pressure and guide prices to return to normal range.”