US Dollar Continued To Rebound &Nbsp; Commodity Downward Trend Continued.

With the US dollar continuing to rebound in recent years, the bulk of the US dollar has continued to rebound

Look at the two sets of data first.

a set

The latest report of the US Commodity Futures Trading Commission (CFTC) showed that COMEX silver speculators held 19228 net silver positions in the week before May 10th, a decrease of nearly 6000 compared with the previous week, and the decrease was as high as 23%.

At the same time, speculators held gold futures and options net multi head positions also reduced by 19647 hands, or 9% to 198607 hands.

Under such circumstances, investors' confidence in commodity bull market has also been greatly reduced.

Many futures analysts have advised investors to be cautious that the short-term game rebound is difficult to operate, and that the medium term market remains volatile and downward.

Continue to emphasize strict control of positions, try to guard against conservative positions, increase the allocation of cash and reduce risk exposure.

China's slowdown in demand has become an important reason for the fall in the price of basic metals, especially in the copper market.

The fall in China's copper imports will put pressure on copper prices. According to China Customs data, copper import data have declined for the 3 consecutive month.

In recent years, the high level of global copper prices often lags behind the peak of copper imports in China. A new round of rising prices often has to wait until China has finished the off-season inventory and started importing again.

However, the reality is that the small and medium-sized enterprises in the mainland are in a dilemma because of the difficulties of financing, high tax burden and increasing production costs.

Among them, the manufacturing industry in the Yangtze River Delta region is the first to bear the brunt.

According to the statistics from the Ministry of industry and information technology, in the first two months of this year, the loss of small and medium-sized enterprises above Designated Size reached 15.8%, an increase of 0.3% over the same period, and a growth rate of 22.3%.

This is only the operation of Enterprises above designated size.

The Ministry of industry and Commerce said that small businesses under the scale would be more serious.

Obviously, with the gradual accumulation of monetary policy cumulative effect of China's central bank's regulation, many SMEs' capital chain is facing unprecedented challenges and has suppressed China's desire for strong demand for commodities.

Nevertheless, the futures industry still generally believes that a substantial adjustment in commodity prices in the short term will not reproduce the massive decline in 2008.

After all, the world economy will no longer see the sudden loss of demand, and the demand for investment from China will still support commodity prices.

In the medium to long term, the fall in international commodity prices may be a good thing for the fragile recovery of the global economy, the inflationary pressure of the European Union and most of the emerging markets, and is conducive to the steady rise of the global economy, and the bull market is bound to come back at that time.