The CRB index bounced back strongly

Recently, the national bureau of statistics released data show that China's industrial added value year-on-year growth of 9.7% in July, the growth rate of more than 8.9% in June. In July, China's import and export value 2.19 trillion yuan, an increase of 7.8% compared to the same period last year, rendering stabilising picks up momentum. Linked to demand for exports of processing trade import July year-on-year rise sharply to 5%.

Better-than-expected economic data will surely bring has been hit by a commodity optimism over the weekend two days in a row, the CRB rebounded 1.36%, to 285.38, signs of a strong rebound.

8, according to the domestic commodity futures closed up nearly all, including rubber futures led, rubber 1401 main contract closed at 19100 yuan per ton, settled up on the previous trading day of 735 yuan, or 4.01%, only a few varieties of full-time closed down.

Has released futures, according to a report from the demand side, expected the economy bottoming out is also true of.In the first few months, as investors worry that the world's largest metals consumer, China's economic situation, lead to falling commodity prices. More and more signs that China's economy is to get rid of the landslide, which injected new vitality for the commodity market, driving the metal prices higher. Since the earlier this month, the LME copper, LME lead, LME nickel zinc, LME gains have been more than two month highs, LME tin is close to a four-month high.

Does this mean that the commodities inflection point has now? Market analysts view is divided. Analysts said: "strong commodity imports in July, this is partly because after months of basic raw materials, after running out enterprise inventory restocking. Although domestic stabilizing economic growth, but moderate gains, in this context, after a huge import demand for copper may diminish." And a broker a non-ferrous metals analysts are optimistic, said: "the import and export of July data such as good performance, we August macroeconomic data is expected to continue the recovery, under the background of the recovery of non-ferrous metals such as strong cycle will have the opportunity."
In addition, 9 out of inflation data are mixed. China's producer price index (PPI) in July fell 2.3%, although year-on-year decline continues to narrow, but manufacturing has yet to get rid of the downturn. China's consumer price index (CPI) rose in July stay low, to the outside world central bank is expected to further ease monetary policy, in order to stimulate economic recovery.