Research On Pricing Power Of The Commodity In International Trade

In recent years, as China's comprehensive national strength increasing, it is now in the international economic and social development plays a more and more important role. In our country for the world economy has made a significant contribution to the development at the same time, China's big commodity pricing in international trade is often lack, suffering a "high sell and buy low" awkward situation. Iron ore resources in China imports ranked first in the world, due to various reasons, our country in iron ore import none on the corresponding international trade pricing.This article from the world and China's iron ore reserves, production and international trade in the status quo, to market of international iron ore supply and demand situation undertook comparative analysis. On the basis of our country imports of iron ore pricing power to do quantitative research, including iron ore import prices and the price in the international market comparative analysis, import pricing analysis, import price and the price in the international market Granger causality test, through quantitative analysis, the international market price of iron ore is the price of imported Granger cause, namely the iron ore import prices is mainly affected by the international market price impact, indicating that China's iron ore imports in the lack of pricing power.After the cause of lack of import pricing power for iron ore in our country which has been made the detailed analysis, the factors that affecting the import pricing is more extensive.This article mainly from the international and domestic factors in two aspects of China's iron ore imports why the lack of pricing power, that China's imports of iron ore pricing power is due to the lack of supply of iron ore oligopoly, international financial capital penetration, import trade of disorder, iron and steel industry concentration is low and the domestic futures market are not perfect wait. And on this basis, from the government macroscopically level, industry association from the middle perspective and enterprise micro level to propose the corresponding countermeasures and suggestions. As perfect the futures market, and we should improve the construction of international pricing center; regulating the trade order and mechanism; establish and improve the iron ore resources and strategic reserve system; integration of industry strength, enhance their bargaining power; formation of iron ore purchasing union. As soon as possible to solve the problem of lack of import pricing power for iron ore in our country.