What does commodity mean?

Bulk commodities refer to non-retail commodities. These goods are bought and sold in large quantities. Commodities mainly include agricultural and sideline products, metal products, energy products and chemicals.

After subdivision, it includes: agricultural planting, cotton, soybean, corn, non-ferrous metals, rare earth, copper, steel, coal, oil exploitation, oil refining, coal smelting, energy, glass fiber, chemistry, fiber, cement and other industries.

If global commodity prices rise, it will trigger international commodity price shocks. Many countries rely on commodities to maintain national development, which can stimulate economic growth when it rises. For ordinary people, rising commodity prices may lead to increased costs.