The CPC Central Committee and the State Council attach great importance to the work of ensuring supply and stabilizing prices of bulk commodities. To implement the spirit of the State Council executive meeting, the morning of May 23, the National Development and Reform Commission, Ministry of Industry and Information Technology, state-owned assets supervision and administration, administration of market regulation, the securities and futures commission held a meeting in five departments, jointly interviewed the iron ore, steel, copper, aluminum and other industries have stronger market power of key enterprises, iron and steel industry association, the nonferrous metal association.
The meeting pointed out that since the beginning of this year, the prices of some bulk commodities have continued to rise sharply, and the prices of some commodities have hit new highs, which has attracted wide attention from all sides. This round of price rise is the result of a combination of many factors, including international transmission factors and excessive speculation in many quarters, which disrupted the normal production and sales cycle and contributed to the rise in prices.
The meeting required relevant key enterprises to improve their standing, establish a sense of the overall situation, actively fulfill social responsibilities, promote the coordinated development of upstream and downstream industries, and maintain a good ecological industry; We must strengthen our awareness of the law, conduct business in accordance with the law and in an orderly manner, take the lead in maintaining price order in the bulk commodity market, and refrain from colluding with each other to manipulate market prices, fabricate and spread information about price increases, and bid up prices. Relevant trade associations should, from the perspective of being conducive to the long-term and healthy development of the industry, correctly perform the functions of self-governing organizations of the industry, play a good role as a bridge and link, guide the enterprises in the industry to strengthen self-discipline and jointly maintain the normal market order of the industry.
The meeting clarified that, going forward, relevant regulatory authorities will closely track and monitor the trend of commodity prices, strengthen joint supervision of the commodity futures and spot markets, show zero tolerance for illegal activities, and continue to step up law enforcement inspections to detect abnormal trading and malicious speculation. We will resolutely investigate and punish, in accordance with the law, illegal activities such as entering into monopoly agreements, spreading false information, inflating prices, and hoarding.
The participating enterprises and industry associations expressed that they would conscientiously regulate their production and operation behaviors, earnestly fulfill their social responsibilities, adhere to legal and compliant operation, and make positive contributions to building a harmonious and stable market and price order in accordance with the requirements of interviews and reminders.
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Post time: 03-06-21