Chinese authorities are continuing to focus on commodity prices, with the country's Ministry of Industry and Information Technology the latest to issue statements about the supply of bulk commodities.
Reuters reported that the agency was focusing on the issue. "We will coordinate with relevant departments to ensure the stability of bulk commodities supplies and prices... guide upstream and downstream players in the industrial chain to stabilize production, supply and marketing of raw materials," ministry spokesperson Huang Libin told a press conference on Friday, according to a transcript on the ministry's website. "In responding to the risk of the market's price fluctuation, we must resolutely crack down on hoarding, malicious speculation, and the bidding up of prices."
Other Chinese agencies have focused on commodity prices and have announced efforts to rein in commodity speculation as the country seeks to temper price increases.