China is the world’s largest trader and consumer of bulk commodities, yet it has long lacked pricing power and discourse power in the global market.

Amid the global changes unseen in a century, striving for pricing power in bulk commodities, further advancing supply-side structural reform, and meeting people’s production and living needs are of great significance for building a new development pattern with the domestic cycle as the mainstay and mutual promotion of domestic and international cycles, as well as for achieving the Long-Range Objectives Through the Year 2035.

In the bulk commodity sector, China’s greatest market advantage lies in the volume of spot trading and consumption underpinned by its solid real industrial foundation.