International Pricing And Construction Of Chinese Iron Ore Future Market

Iron ore is one of the most important raw material and needments for Chinese economic development. Iron ore international negotiation predicament becomes Chinese iron ore enterprises'sore spot. Iron ore market is oligarch control, BHP Billiton, CVRD and Rio Tinto control iron ore export price, and Chinese have to accept the oligarch's offer quoted passivity. Building iron ore future market is an important way to capture iron ore international pricing. Iron ore possess future goods characteristic, and China possess enough condition to build iron ore future market. Iron ore need expand, supply raise, and price index can meet Future market's kinds need. What's more, building iron ore market can impact Chinese iron enterprise and macro economic. It can help to reduce iron enterprise's lose, and stabilize iron ore price, and more importantly, it is a chance for Chinese enterprise slip the oligarch's control. Until now, only Indian put forward iron ore future contract, and China raise iron ore future not only can give iron enterprise price guide, reflect China iron ore trade's need, but also can strengthen Chinese negotiation ability, and make Shanghai Future Exchange to be iron ore pricing center. Iron ore future market should attract Chinese enterprises and foreign iron ore supply enterprises. Iron ore future contract should combine iron ore spot market trade scale, investor constitute, trade habit, Shanghai Future Exchange role to make iron ore more attractive.