Short term commodity prices remain high, but lack of support in the medium and long term
In the short term, the factors supporting commodity prices are still on. On the one hand, the loose financial environment continued. On the other hand, supply bottlenecks continue to plague the world. However, in the medium and long term, commodity prices face several constraints. First, commodity prices are too high. Second, supply side constraints have been gradually eased. Third, monetary policies in Europe and the United States have gradually normalized. Fourth, the effect of ensuring supply and stabilizing prices of domestic commodities has been gradually released.