Since the opening of the commodity market in mid-February 2017, it has fallen for four months. In the past four months, the market is almost unilateral, and the monitoring data show that from mid-February to June 12, The price index BPI fell from 892 points to 823 points, down 69 points, or 7.7%, BPI fell back to the end of November 2016 level.

Major commodity prices also fell sharply during this period, as the leading commodity of international crude oil from mid-February has fallen by 14%, into June after the oil price fell to 45 US dollars / barrel “floor price”;

Iron ore spot since February, the cumulative decline of 33%, the price fell back to the level of October 2016, the current price of 441 yuan / ton is already touched the year low;

Copper spot fell 7% over the same period, Shanghai copper fell to the lowest on May 19 45200 yuan / ton position.

Business center editor-in-chief, China Commodity Development Research Center Secretary-General Liu Xintian had previously pointed out that after March the market is in the old and new energy transfer interrupted, the policy side to give the market up momentum has been digested in January to February, after March Such as “two sessions”, “security effect” and just past the “one side of the international summit” and other policy aspects of the positive are “short-lived”, did not give the market to provide sustainable and strong upside momentum, and the second half of 2016 market Open up to 8 months of a new round of gains too fast, in the absence of new sustainable momentum continued and the accumulation of too much market bubble under the premise of the current decline in the market lasted 4 months already ended the crazy Cattle pattern, and even shake the big bull market from 2016.

Liu Xin Tian analysis, the market in late June or a turnaround, the end of June early July or into the market watershed, for three reasons: First, the market is alive. The recent commodity price index BPI has signs of stabilization, June 8 BPI hit 822 points in the first half after the low began to stabilize, and some commodities from the end of the year began to rebound, natural rubber rebound from the year low 2.64% 8 days since the rebound rate has reached 2.84%, the plastic plate rebound the most obvious, over the past month, PVC rose 3.17%, LLDPE rose 4%; Second, the leading varieties to stabilize. Crude oil in the recent bad situation has never been below the 45 US dollars, still stick to the floor above. Not only crude oil, iron ore, thermal coal base commodities are also successfully built bottom, the recent futures market performance has been more stable; third is the environment for the better. Economic environment, the overall performance of China’s economy to the good, buy, limit loans and other measures to curb the real estate market bubble, the market speculation to curb the manufacturing sector is expected to quench their thirst in the capital field; psychological environment. Nearly six months mark, the market confidence or turn for the better.

China Futures founder often clear that further decline in commodities may not be much. The industry is generally expected in late June even if the market continues to fall but the space is small, the end of the month or become a commodity market watershed, the market after four months of continuous decline or usher in the inflection point, some commodities or plates took the opportunity to pick up, 2017 Half of the market cautiously optimistic.http://www.sodium-metabisulfite.com