Recently, commodity prices have risen again. In terms of domestic industrial products, the prices of iron ore, glass and other commodities have risen sharply by more than 20%. In terms of agricultural products, the prices of palm oil, soybean and rapeseed meal have risen by more than 10%. The rare earth price index rose to 426.8 on the 15th, up 24.78% from the beginning of this year, a ten-year high; Internationally, the price of crude oil is close to US $100, which has attracted much attention.






There is a similar phenomenon with the beginning of last year. In the same period last year, the price of silicone also continued to rise, but recently, the government departments began to issue documents to stabilize the supply and ensure the price. The "several policies for promoting the steady growth of industrial economy" issued by 12 departments including the national development and Reform Commission will be announced to the public. In terms of ensuring supply and price stability, the "several policies" proposed to ensure supply and price stability of important raw materials and primary products such as iron ore and chemical fertilizer, hoping to stabilize the market.


The total operating revenue and profit of China's petrochemical industry reached a new high in 2021: according to the data released by China Petroleum and Chemical Industry Federation yesterday (17th), the operation of China's petroleum and chemical industry in 2021 was generally stable and orderly, the main economic indicators grew rapidly, and the total operating revenue and profit reached a new high. In 2021, China's petroleum and chemical industry achieved an operating revenue of 14.45 trillion yuan and a total profit of 1.16 trillion yuan, both reaching a record high, and the profit of the petrochemical industry exceeded trillion yuan for the first time in history. By the end of 2021, the number of Enterprises above designated size was 26947, an increase of 908 over the end of the previous year, which was the first increase in five consecutive years.






Ministry of Commerce: regret the EU's decision to sue in the WTO. When answering a reporter's question on the EU's practice of suing China's patent litigation cases to the WTO dispute settlement mechanism, the head of the treaty and Law Department of the Ministry of Commerce said that China notes that the EU consultation request mainly involves China's relevant practice in patent litigation cases. What I want to emphasize is that China has continuously improved its intellectual property protection legislation and law enforcement in strict accordance with WTO rules and accession commitments. The achievements are obvious to all. The channels of communication between China and the EU on intellectual property issues are unblocked. China regrets the European prosecution. The WTO dispute settlement mechanism is the usual channel for members to resolve economic and trade disputes. China has always upheld the multilateral trading system, will handle follow-up matters in accordance with WTO rules and resolutely safeguard its legitimate rights and interests.