Research On Pricing Right For Bulk Commodity

China now is the biggest importing and consuming country of bulk commodity, however, the pricing right for most commodity is not hold by us. Therefore, the huge risk of price fluctuation is born by us. Recent years, China’s economic grows fastly and the extent of economic globalization is being increased, meanwhile, there is a strange phenomenon, that is, when Chinese buying a commodity, the price must be increasing and when Chinese selling a commodity, then the price must be decreasing. This phenomenon shows it seems Chinese have no connection with pricing right of bulk commodity, but the price fluctuation have closely connection with every Chinese people. From2004, the dramatically increased price for bulk commodity directly result in inflation, that is what we said imported inflation. If the current developing mode is not change to big extent, the inflation will appear again once the price for bulk commodity is increased. Then, people have to bear the price increasing of commodity passively. To ensure people’s sable life, China must consider of holding the pricing right of bulk commodity.This thesis firstly illustrates the research background and objective, then analyzes the current pricing condition for non-ferrous metal efficiently, mainly analyzes the reason of China lacking of pricing right for bulk commodity, and analyzes the big loss that may caused to China economic and relevant industry deeply and in detail. Furthermore, this thesis discusses the strategy of China participating in the pricing right for bulk commodity from domestic and international aspects.Based on the deep development of economic globalization, and the serious influence of China lacking of pricing right, this thesis proposes series of measures to raise the pricing right of China in bulk commodity market, such as, break through international trade monopoly and international fund speculation, eliminate the excess capacity of domestic, improve industrial concentration, induce merger and reorganization, build up the advanced information system and authorized statistic and analysis organization, and use all available resources to set up a mature financial market. Furthermore, this thesis illustrates the mutual interaction between the internationalization of RMB and pricing right for bulk commodity through promoting financial derivative transaction, adjusting transaction rules, strengthening the supervision to financial derivatives market and utilizing the function of Hongkong in international finance and the favorable conditions of HKEx acquired LME. The conclusion can be gathered from the discission and research that China has enough advantages to get the pricing right for non-ferrous metal and acquire pricing right for more commodity through this breakthrough and experience.