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Ministry of Commerce: International conduction is the main reason for the rise in raw material prices

Date:2021-08-02 View:278

Ministry of Commerce Foreign Trade Department Director Li Xingqian said at a State Council press conference on July 22, this year, rising raw material prices, poor shipping logistics, exchange rate fluctuations, rising labor costs and other difficulties "four touches", leading to rising operating costs of foreign trade enterprises, profit margins are squeezed, some foreign trade enterprises "do not want to receive a single" "increase production does not increase profits", small and medium-sized foreign trade enterprises are more affected.

Raw material prices, analysis shows that the price of international conduction is the main reason, the rapid increase in demand at home and abroad to further intensify the momentum of price increases, which brings great pressure on the production enterprises and foreign trade enterprises. The Ministry of Commerce said that it will work with various local departments to closely track and monitor the price trend of bulk commodities, to promote import diversification and build a stable foreign trade channel for bulk commodities, some of the prices of bulk commodities have fallen back.

The Ministry of Commerce has been closely tracking the actual difficulties faced by foreign trade enterprises. On the basis of in-depth analysis and research, it will further trade policy toolbox, optimize the business environment, reduce enterprise costs, support all kinds of market players, especially small and medium-sized foreign trade enterprises to stabilize production and healthy development.


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