A Study Of Pricing For Iron Ore In The "Chinese Elements"

Steel as the basis for all industrial raw materials, and its importance for all to see.The iron ore as a basic raw material for the steel industry, it is most important, it is apity more than our country controlled by others in the supply of iron ore, iron orepricing is even more has been controlled by others, to pay a few more this year onebillion or even tens of billions in foreign currency. As of today the highestconcentration of iron ore commodity markets, the price formation has been theconcern of the outside world, and the future of the iron ore price futures,financialization era, it is the world’s few major national and Exchange compete forthe center. In this paper, first analyzes China’s current trade in iron ore imports inthe face of difficulties, and then use the "center-periphery" theory and the theory ofinternational investment Johnson predicament qualitative analysis to identify thepossible impact of iron ore pricing the right of the " China factor", in the fourthchapter in the previous years, established on the basis of data error correction model,quantitative analysis of the influence of these factors, and draw positive conclusions,the final text of the previous study from the supply, demand and pricing mechanismsin three areas policies and recommendations are given. The main innovation of thispaper first topic from different perspectives, focusing on the "China factor" for ironore pricing aspects of the role, and secondly that do not use their predecessors hadused the theory to study the problem, and use the short-term error correction modelmore accurate dynamic model to empirical analysis and prediction, and the modelestablished predecessors, mostly long-term static model, the analysis in theconclusion inevitably inadequate.