A marketization of is high, the more on a pilot of carbon trading with conditions. In China, the marketization of steel industry the advancing speed is faster. In March 2009, the Shanghai futures exchange launch steel futures trading. By June 2010 24, steel futures contract total more than 540 million hand clinch a deal, clinch a deal amount more than 22.9 trillion yuan. With the financial attributes of steel futures gradually mature, gathering together all of the formation of the futures price information is reasonable market price, can provide reference spot trading price, thus deepening steel products of the price of the degree of marketization. However,MLB hats the steel industry and a "fast knot", that is to the iron ore prices. As steel consumption power demand for iron ore in China account for more than half of global supply. In recent years, China's steel and iron industry trapped in the news of the iron ore repeatedly now made public. On one hand, iron ore more confusing fans innings, on the other hand, the global iron ore JinRongHua trend is formed in quietly. According to the English China Daily on 13 July KanWen says, by in May this year, outside of the iron ore swaps (swap) market reached 2 billion us dollars; Amounted to 2.5 million tons/month, and 2009 years of 200000 tons/month, compared to increase more than ten times. And the young the over-the-counter market not born until 19 months. Financial analysts forecast, in view of the sea traffic volume of 1 billion tons a year, to 2015, global iron ore swap market will be $150 billion-200 billion. The paper also mentioned a surprising number: China enterprise participation share has 15%-20%. The end of June this year, as the world's second largest iron ore importers of Japan, the enterprise also began to enter the market. The largest trading company and credit suisse first signed Japan iron ore swaps traded contract. Unequivocally said, so many firms are involved in such the over-the-counter market, to the young is recognized by the market. Iron ore swaps field is very rapid development accounts. From April 2009 to now, Singapore exchange, London clearing house, Chicago Commodity Exchange, the United States such as the intercontinental exchange ICE rolls out in succession the ore swaps field settlement business. In June, the Singapore exchange JieSuanLiang has reached 2.4 million tons, the equivalent of 30 million tons/year. The growth of the business field the settlement, but also for these exchange provides a new profit growth point. With the increasingly popular over-the-counter market, then look at the floor trading. July 7,, the Indian government futures regulatory committee chairman told Reuters. "I think that iron ore futures contract deal is feasible." India's futures exchange in preparing for this. Such contract once roll out, it means the iron ore production enterprise and Indian exporters, in the whole system of iron ore price for the position. You know, last year India exported 106 million tons of iron ore, most are exported to China. Now, the seller in grinding our soldiers horse, buyers? Recently, shandong steel group will to the African mining investment of 1.5 billion us dollars, and seek for the iron ore "mine ZiGong". Enterprises to go out to buy ore is take temporary solution, want to solve the problem of China's iron ore prices fundamental law, should be established as soon as possible for local Chinese iron ore pricing system. The international trade of Chinese offshore, for China's future iron ore market launch bet provides reference. China should consider as early as possible will field the futures market, outside of the swap market union, design a set of "Yin and Yang interaction" price discovery system. China's investment banking and exchange shall start as soon as possible in steel futures proud of the report card on further innovation, roll out of the local swap and field the financial instruments. With the launch of iron ore pricing system,MLB Jerseys the marketization of Chinese steel industry will be more perfect, this in the industry for the future on carbon trading pilot laid a foundation. More important, the "Yin and Yang interaction" iron ore JinRongHua framework that also for the possibility of future China based on 45% of the carbon intensity index carbon price signal system explore a template.

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