The performance of commodities has been strong despite the impact of higher trading fees and margins. Some experts now weigh in on the market outlook.

The first quarter was a good period for commodities traders because most economic data was better than market expectations and that drove commodities prices as well.

"Behind the rises, I think the market has entered a perfect phase. First, the U.S. Fed announced that it will reduce the number of its rate hikes from the previous four times to the current two times in 2016.

Second, the commodities market has been through a 5- to 6-year bearish situation. Many products' prices have dropped below their costs.

Third, many investors are looking for investment opportunities, while the property market is mature, the securities market is stabilizing and the stock market is stuck at 3000 points. So, many investors are taking commodities as a new opportunity," said Gao Shang, head of Futures Research, Haitong Securities.

But some insiders also warn that the rise of commodities is too fast. Risks are accumulating in the market.

"Economic fundamentals have not changed. Under this circumstance, the economy cannot support the rises. The market is overheated. So for investors, they should be cautious," said Jiang Deming, chief economist of Hengtai Futures.
 
Analysts added that demand is not high in the commodities market. They suggest that investors pay attention to risks while pursuing profits.