金融化视角下大宗商品国际定价权的策略分析——以有色金属为例

The Strategic Analysis on International Pricing Power of Bulk Commodities with Financial View: Taking Nonferrous Metals as an Example

进入本世纪来,随着我国经济持续高速发展,城镇化及工业化推动了我国对于大宗商品的消费,产量也相应地快速增长,与此形成鲜明对比的是,由于定价权的缺失,我国政府和企业始终未能摆脱大宗商品价格受制于人的尴尬局面。以有色金属为例深入分析我国大宗商品定价权缺失的现状及其原因,认为现阶段金融化因素在国际大宗商品的形成过程中的作用日益凸显。在此基础上,有针对性地提出了金融化视角下提高我国大宗商品定价权的策略和措施,如增加期货市场交易品种,丰富金融衍生交易,建立健全期货市场风险监管机制等。

With the advent of this century, as China＇s economy is rapidly developing, urbanization and industrialization are promoting China＇s consumption of bulk commodities and the production has also been increased quickly. Sharply compared with this fact, our government and enterprises cannot get rid of the embarrassing situation that prices of bulk commodities are controlled by others due to the lack of pricing power. This article, with nonferrous metals as an example, deeply explores the current situation and reasons of this phenomenon, thinking that at current stage, financial factors are playing more and more important role in the formation of international bulk commodities price. Based on this finding, the article specifically puts forward some strategies and methods to enhance our country＇s bulk commodities pricing power with a financial view, such as increase trade varieties in the futures market, enlarge financial derivative transaction, establish and optimize the risk supervision mechanism on futures market and so on.