铁矿石期货业务的认识及应用

Cognizing And Application of Iron Ore Futures

多年来,受制于矿石巨头的垄断地位,我国钢铁行业在铁矿石定价过程中一直处于劣势。铁矿石期货的出现,尤其是我国铁矿石期货在大商所的上市交易,充分发挥了其套期保值作用和价格发现功能,同时,也改善了现货市场的价格形成机制,但要进一步增强我国在铁矿石定价中的话语权,铁矿石期货仍然需要迈向国际化。同时,钢铁企业也要更多参与期货业务,设立适合本企业的铁矿石期货操作模式,以期规避市场风险。

For many years, subjected to the monopolistic status of mining giants, China＇ s iron and steel industry is at a disadvantage during the iron ore pricing process. The emergence of iron ore futures, especially China＇ s iron ore futures, listed for trading in Dalian Commodity Exchange, giving full play to its hedging and price discovery function. Meanwhile, it improves the pricing mechanism for spot market. However, to further enhance China＇ s discourse right in iron ore pricing, the iron ore futures need to be moved towards an internationalization. Iron and steel enterprises are required to be more present in futures businesses and setting up the iron ore futures operating strategy which is suitable to the company in order to avoid any market risk.