简析国际矿产品价格波动的影响因素

Brief Analysis of the Elements Affecting the Global Minerals' Price

随着量化宽松政策的实施,美国的低利率时代到来。美国政府拟通过增加基础性货币投放量等方式促进银行借贷规模,进而促进投资和消费的增长,复苏本国经济。在全球经济一体化时代及美元作为世界性货币的今天,美国的量化宽松政策导致了全球的流动性泛滥,而影响国际矿产品价格波动的因素也变得日趋复杂。除了国际宏观经济状况、矿产品市场供需状况和矿产品市场结构等传统因素外,诸如新兴经济体工业化进程和期货市场的投机行为也成为影响国际矿产品价格波动的新兴因素。在传统因素与新兴因素的相互作用与影响下,当前的国际矿产品价格呈现出频繁波动的态势。

As the result of implementing （Quantity Easing）, the era of low interest rate in American had been coming. The direct purpose of American government is to stimulate the increase of investment and consumption by enlarging the scale of banking borrowings, through enhancing delivery quantity of base currency, etc., which will expect to recover the economy. Under the circumstances of integration of world economy and US dollar still as the world currency, the American QE policy leads to the global liquidity, with which the elements that effecting the price of global mineral products become gradually complex. With except to the traditional factors such as world macro-economy situation, supply and demand status of minerals market, market structure, etc., the industrialization development, speculation on futures market, as so-called new elements, have arisen to affect the global minerals price. Due to the interaction between traditional and new elements, the current trend of frequent fluctuation for the price of global minerals has been shown.