Research On Lack Of International Price-setting Power Of Chinese Resources Commodity

The production of resources commodity highly relies on natural resource such as land, mineral and etc., while its distribution is presenting tremendous regional and national unbalance in the world. This kind of unbalance makes the production, trade and consumption of resources commodity have very obvious "oligarch" market structure, and this is the basic characteristic of international resources commodity market. Along with the rapid development of social economy, Chinese "oligarch" position has already established at the international resources commodity market. Chinese factor has the important influence on international resources commodity price. But Chinese "oligarch" position doesn't mean that China has the advantage of the resources commodity trade price-setting. On the one hand as the most import country in the world such as iron mine and soybean...etc., China didn't acquire the trade profit that mutually matches with import quota, regularly passive accept the monopoly costliness of export country, on the other hand as the exit country, such as soil and coal...etc., China can not control the advantage of energy "oligarch", and the commodity regularly exported with low price. This kind of trade commodity price variety can generalize as that "Chinese need arouses price in the world to soar, Chinese supply arouses price in the world to descend". This will take serious negative effect to the steady growth of Chinese domestic economies. For one thing the import costliness continuously squeeze the profits of local downstream market, for the other the local resources were washed away with low price and endangered the strategic position of national resources. According to the above-mentioned fact, this text mainly studied the price-setting mechanism of the international resources commodity and participation strategy of our country.Firstly, the article particularly elaborated that category of price-setting mode of international resources commodity and the discovering mechanism. Immediately after choosing iron mine stone and rare earth as investigate object, we make use of market power index (BPI) putting forward by Blair and Harrison and the improvement model to measure market power (the exchange rate delivers model) submitting by Knetter (1993) to respectively measure Chinese buyer market power and selling market of iron mine and rare earth commodity. By this, we demonstrated the reality that our country lacked of price-setting power in the iron mine and rare earth commodity market. Then drawing lessons of analytical frame "manufacturer-trade medium-consumer" bring forward by Sun Zesheng (2009), on the basis of the analysis and manage the foundation structure and form about iron stone and rare earth among the market of manufacturer, trade medium and consumer, we would explain their price-setting mechanism and the reason of the price power imperfection. The analysis showed that, our country lacking the import price-setting power of the iron stone were lead by the low concentration degree of the domestic steel market, the trade medium and the high monopoly of international iron stone producers. And our country lacking export price-setting power of the rare earth were lead by the low concentration degree of the domestic rare earth market, the trade medium and the high monopoly of international iron stone consumption market.At last, this paper listed Chinese strategy choices to build up international resources commodity price influence from two sides, one is making the long and short-term strategy such as mansion policy and mechanism in the market...etc., another is price mode choosing by jumping out of the game.