Business News Agency July 2 (Reporter ** Fu) After experiencing a sharp decline in the previous period, tracking data released by the Commodity Data Business Group shows that the decline in spot commodities this week has slowed down to 29 In the week of the day, nearly 20% of the tracking species rose from the previous week, including iron ore, soybean meal, etc., which became the “head force†for stabilization.
According to the data, among the 58 spot product prices tracked, the number of varieties that rose from the previous week reached 11 species, of which soybean meal rose more than 5%, and the performance was the most eye-catching. In addition, varieties including iron ore, gold, and corn also rose. More than 1% of the iron ore that had stabilized and oscillated in the previous period rose by 2.11% over the week, and 63.5% of the Indian iron ore FOB prices rose above the US$120 per ton.
Most varieties including white sugar, fuel oil and so on are still falling. Among them, the ethylene glycol, which has fallen the most, fell by nearly 14% from the previous week, while industrial products such as PTA and PET also fell by more than 10%.
In fact, in the ** market, early this month has shown signs of stabilizing, and the comprehensive commodity index tracking a basket of listed commodities has risen for three consecutive weeks. The cumulative total of the month has rebounded by 0.37% from the previous month.
According to Liu Xintian, chief analyst of the business community, from the perspective of June, the spot commodities continued to trend in May as a whole, and nearly 80% of the products tracked by the company continued to decline month-on-month, especially in the early days when the market was falling more rapidly. Since mid-term, varieties such as copper and plastic have only begun to stabilize.
“The declines in major commodities and their declines have all shrunk from those in May, but from the outlook, the business community’s commodity index BCI and BPI all indicate that the market has not yet stabilized.†Liu Xintian believes that the overall decline in the commodity market is very strong. It may still continue, but boosted by policies, the market environment may continue to be better than the previous month.
According to the data, among the 58 spot product prices tracked, the number of varieties that rose from the previous week reached 11 species, of which soybean meal rose more than 5%, and the performance was the most eye-catching. In addition, varieties including iron ore, gold, and corn also rose. More than 1% of the iron ore that had stabilized and oscillated in the previous period rose by 2.11% over the week, and 63.5% of the Indian iron ore FOB prices rose above the US$120 per ton.
Most varieties including white sugar, fuel oil and so on are still falling. Among them, the ethylene glycol, which has fallen the most, fell by nearly 14% from the previous week, while industrial products such as PTA and PET also fell by more than 10%.
In fact, in the ** market, early this month has shown signs of stabilizing, and the comprehensive commodity index tracking a basket of listed commodities has risen for three consecutive weeks. The cumulative total of the month has rebounded by 0.37% from the previous month.
According to Liu Xintian, chief analyst of the business community, from the perspective of June, the spot commodities continued to trend in May as a whole, and nearly 80% of the products tracked by the company continued to decline month-on-month, especially in the early days when the market was falling more rapidly. Since mid-term, varieties such as copper and plastic have only begun to stabilize.
“The declines in major commodities and their declines have all shrunk from those in May, but from the outlook, the business community’s commodity index BCI and BPI all indicate that the market has not yet stabilized.†Liu Xintian believes that the overall decline in the commodity market is very strong. It may still continue, but boosted by policies, the market environment may continue to be better than the previous month.
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