Chinese commodities prices sharply up

  • Monday, September 30, 2024
  • Source:ferro-alloys.com

  • Keywords:Chinese Policy, Stock market, Future market
[Fellow]On Sept 23, China imposed A package of Economic Stimulus Policy to support the ecomony solid and recovery.
FACOM Breaking News: On Sept 23, China imposed  A package of Economic Stimulus Policy to support the economy's solid recovery.
Chinese Stock market bottomed up from 2730 to 3300 today in 3 working days. and the Stock index of Shanghai went over 8% , and over 10% in the Shenzhen Stock Market, over 2% increase in Hongkong Stock market. Huge cash flow was injected into the Stock market, and the
The amount transacted in China's stock market is over 2 trillion yuan.
In the Future market of commodities , the prices of all bulk commodities increased around 6% , including Aluminium, Copper,Nickel , coal and Ferroalloys. A huge amount of cash went into the Future market. The PMI  index went up 51.5%, and All scenarios supported that the Economy weak trend changed to strong side. 
It will have more new policies be imposed after the National Holiday， China Authority will have more measures to stimulate economic development.
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  • [Editor:admin]

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