China’s NDRC: Looking to solve issues of rising raw material prices

Dhwani Mehta FXStreet

A spokesperson from China’s National Development and Reform Commission (NDRC) said that they are studying and looking to solve issues of rising raw material prices and power limits.

The state planner called on state companies to provide sufficient power supply to fertilizer producers amid soaring prices.

Meanwhile, the NDRC said that they have allowed firms in Yunnan, Guizhou and Hubei to boost phosphate ore production.

China Evergrande update: No news is good news? Investors on tenterhooks

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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