铁矿石主流定价工具的比较研究——兼析铁矿石定价机制的演进发展

Research on Comparing of Mainstream Iron Ore Pricing Tools——Analysis of the evolution and development of iron ore pricing mechanism

中国是铁矿资源需求大国,对外依存度高。然而,铁矿石的定价主导权掌握在国外供给方手中。本文通过对铁矿石定价机制演进发展过程的梳理,选取了普氏指数、中国铁矿石价格指数、大连商品交易所铁矿石期货、新加坡商品交易所铁矿石期货四个主流定价工具以及现货价格,运用向量自回归模型进行定量的对比分析,得出了指数定价仍是最重要的定价工具等结论。据此,提出了推行铁矿石定价工具多元化等建议。

China,which has a large demand for iron ore resources and high degree of foreign dependence,will need a large amount of imports in the next few years.However,the dominance of iron ore pricing is still in the hands of foreign suppliers.It has become an urgent issue to be solved that how to conduct reasonable pricing to effectively balance the interests of both supply and demand,as dominance of iron ore pricing is still under the control of foreign suppliers.This paper selects the Platts Index,China Iron Ore Price Index,Dalian Commodity Exchange iron ore futures,Singapore Commodity Exchange iron ore futures four mainstream pricing tools and spot prices through combing the development of iron ore pricing mechanism,using the vector autoregressive model to conduct a quantitative comparative analysis and conclude that index pricing is still the most important pricing tool.Based on this,suggestions were made to implement diversification of iron ore pricing tools.