| Under the current complex and volatile international situation and increasingly tense multilateral international relations,China faces unprecedented challenges in the process of economic globalization.As a big country of global economic development,China is an active participant and contributor in the development trend of economic globalization.However,with the development of Chinese economic globalization,the dependence on overseas resources in some industries is also gradually increasing.Taking imported iron ore as an example,Chinese dependence on imported iron ore has increased year by year in this year.As the world’s largest steel production and consumption country,the increasing interdependency and high price of imported iron ore has a huge impact on Chinese steel industry.As for iron ore,an import dependent product,it is conducive to the stable development of Chinese iron and steel industry if China can reasonably maintain,develop and allocate iron ore imported from trading partners.At present,most of the domestic research on commodity trade economy starts from the product itself,making studies on the influence and difference of various influencing factors on the price of commodities,as well as the import and export status and industrial development of related products,while ignoring the price fluctuation caused by the influence of international relations on imported dependent products.The research direction is extended to the cooperation relationship between major trading partner countries iron ore monthly import value and Chinese steel prices.By global supply and demand relationship,the price of main raw materials of related products and the change of trade volume,the major trading partner countries iron ore monthly import value is introduced into the influencing factors,and the influence of relevant influencing factors on the price of bulk products is further studied.Based on the monthly data from 2014 to 2020,this paper uses Stata 15.1 to make regression empirical analysis of the impact of Chinese import iron ore monthly import value from five major trading partner countries on Chinese steel prices,and analyzes the differences in the direction of price fluctuations.The empirical results show that different trade partnership countries have different impacts on Chinese steel prices,and Australia,Brazil,South Africa and India have significant impacts.In addition,both Australia and Brazil have significant impacts on both positive and negative price fluctuations.Based on the analysis of various influencing factors,this paper puts forward some suggestions such as expanding cooperation channels,diversifying cooperation methods,improving procurement concentration,improving Chinese independent output capacity of iron ore and strengthening technological innovation. |
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