On July 19, the National Development and Reform Commission held a regular press conference in July. The spokesperson of the National Development and Reform Commission introduced the situation and answered questions from reporters.
In response to the implementation effect of the release of national reserves of copper, aluminum, and zinc, Yuan Da, Director of the Comprehensive Department of the National Development and Reform Commission and spokesperson of the Committee, introduced at the press conference that on July 5, according to the State Council’s executive meeting on ensuring a stable supply of bulk commodities The National Development and Reform Commission and the State Bureau of Grain and Reserves released a total of 100,000 tons of national reserves through open online bidding, including 20,000 tons of copper, 50,000 tons of aluminum, and 30,000 tons of zinc; more than 200 non-ferrous metal processing and manufacturing Companies participate in bidding; the transaction price is about 3% to 9% lower than the market price on the day.
At present, this launch has initially achieved the expected goal. The market generally believes that the reserve release has released the country’s active policy signal to ensure the supply of bulk commodities and stabilized prices, and stabilized market price expectations; at the same time, the targeted release provides mid- and downstream processing and manufacturing enterprises with a window of opportunity to replenish inventory and reduces some companies. Raw material costs.
In the next step, the National Development and Reform Commission will thoroughly implement the deployment of the State Council and continue to organize the release of copper, aluminum, and zinc reserves in batches to further ease the pressure on the production and operation of enterprises.