The Research Of Influencing Factors Of Import Trade For Chinese Iron Ore

Known as the "food" of the iron and steel industry, Iron ore is the basic raw materials of the world iron and steel industry. Steel is the lifeblood of a country, the mainstay of the national economy, and the material guarantee for human survival and development. As an emerging market country, steel is the important symbol of our country economic development level and the comprehensive national strength. Since entering the 21 st century, with the rapid growth of domestic economy, China’s steel demand grows up. The iron ore output in our country has been unable to meet the needs of the production of the steel industry, iron ore imports increased year after year. China becomes the world’s largest iron ore importer, also known as "global magnet". However, as the world’s largest iron ore buyers, the first largest producer in the world, China doesn’t get the power of trade pricing power and discourse corresponded to the needs in the international iron ore trade negotiations, and is often forced to accept the ore rising prices. Although the international iron ore trade negotiations already started, but China and the international iron ore giant haven’t agreed on the price of long-term supply agreement.This paper expounds some relevant theories of iron ore import trade; Then based on the current situation of the iron ore trade, analyzes the international iron ore reserves and distribution of resources, and expounds the present situation of supply and demand of the international trade in iron ore and the general situation of China’s iron ore import trade; After that, for China’s iron ore import trade influence factors, which include iron ore external dependence, macroeconomic trends, the process of urbanization and industrialization, RMB exchange rate, International iron ore prices and expectations and iron ore demand in China are analyzed in theory, and points out the existing problems in China’s iron ore import trade.Also, this essay carries on the empirical analysis on the main factors affecting China’s iron ore import trade with iron ore import value, to find out the main economic factors; Finally aiming at the existing problem of China’s iron ore import trade and the analysis of the influence factors, some suggestions are put forward for the deeper development of China’s iron ore import trade as follows: Take multiple means to ensure that the iron ore supply is adequate, including opening up more channels of iron ore imports and intensifying the overseas iron ore resources of mining; Make full use of the uniqueness of the system, improve the pricing system, speed up the development of iron ore futures market, and establish a domestic iron ore procurement alliance; Improve the iron ore shipping system and so on. In these ways, China’s iron ore import trade will be improved, and the development of steel industry and the whole national economy will be promoted.