December 6, 2022

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China’s NDRC says has preliminary success curbing price surges in commodity prices

1 min read

The National Development and Reform Commission of the People’s Republic of China (NDRC) is the ‘state planner’.

  • says has preliminary success curbing price surges in commodity prices
  • it will work with other departments to release state reserves of copper, aluminium and zinc at an appropriate time to boost market supply, lower firms’ cost pressures and guide prices to a return to normal ranges
  • will step up supervision on spot and futures markets and safeguard normal market order

AUD can tend to soften a little on news of China actions to curb commodity prices. 

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