The central bank announced the news of the 5 th cut interest rates did not to market with a jumpstart, 6,, nearly all commodities the micro fall. In fact, the first half of commodity movements weak. Commodities data vendors business club 6,, which published the 2012 1-June China's commodity economic data report also showed that, despite the commodities is hot start, a change in the second half of 2011 flagging, quantity and price of JiSheng, but receive an official, leaving 2012 1-June commodities average price for-6.6%.

Business club's report, the first half of the price list of annulus of rising drop of goods 41, concentrate on the chemical plate 23 and agricultural and sideline plate five, or in more than 5% of the goods mainly concentrated in chemical plate; Annulus comparing of the decline of the goods on a total of 143, focused on the chemical 61 and non-ferrous 28 points, more than 5% of the goods in mainly concentrated in chemical plate; Rise more than 50% of the plate surface only agricultural sectors, seven other big plate face fell by more than 60%, with the textile, non-ferrous plate falling face is as high as 90% above.

"The weak demand of the deterioration of the terminal, Europe debt crisis, the slowdown in the domestic economy, continue to increase the capacity of the market, too speculative psychology is the lead to commodities out of 'in the first half of a door' 'green' factor." Business club chief analyst at LiuXinTian said.

"The last round of stimulus policy, overdraw the influence demand, and with weaker exports, sluggish demand in the terminal." The futures analysts LiWenJing told reporters.

On the other hand, the Italian Spain Treasury yields rise, according to LTRO funds into the banking survey does not buy sovereign debt market. The debt banking balance sheet worse. Governments deficit after the rise, crunch makes government investment down, the bank will result in worse financial crisis after transmission to the real economy, makes the economy vicious circle.

And people in the industry say, the higher profits, industrial expansion productivity greatly. And the capacity of release of the cycle was concentrated in the now.

And for the second half of 2012 commodity market trends, LiuXinTian think, in experienced 5, and 6 months of dropped sharply, the short term market no matter up or down are unstable, before September market is still possible in 1-3 wave of consolidation. Nine months later, with the annual economic situation and the European debt crisis became the progress, the market is expected to be stable.

"The market or in the crude oil and coal etc will be driven out of resource varieties of market, also may be textile, chemical industry, steel and other parts of the final demand changes level. Finishing plate" LiuXinTian optimistic. The people's bank of China has, since the July 6, 2012, cut up the financial institutions benchmark interest rates. Analysts widely considered this an the commodities, but industry insiders think the short term to boost effect won't be too optimistic. Commodity movements still need to see subsequent macroeconomic performance, but industry insiders general of recent economic growth cautious.

"But monetary policy into the real economy need six months last year, fourth quarter start to loose monetary policy to July effect may be looming. Together with three quarters of all of the early off-season, weak demand not industry, so panic July and August market crash less likely." LiWenJing said, "in a follow-up good policy stimulating, the long term commodity still had a chance."

Source "the Chinese textile nets"

Edit: lara