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  本文選題：進(jìn)口鐵礦石　切入點：定價機(jī)制　出處：《華東師范大學(xué)》2013年碩士論文

【摘要】：自2003年中國加入世貿(mào)組織以來,工業(yè)呈現(xiàn)出爆炸式增長態(tài)勢,鋼鐵需求量持續(xù)高速增長。從2003年中國超越日本成為世界上最大的鐵礦石進(jìn)口國以后,對鐵礦石進(jìn)口的依賴程度越來越高,并且進(jìn)口鐵礦石的價格也逐年攀升。但與世界上最大的進(jìn)口國地位不相稱的是,中國在國際鐵礦石貿(mào)易中缺少定價權(quán)。在進(jìn)口鐵礦石定價金融化的國際背景下,本文通過分析鐵礦石的定價機(jī)制,研究我國鋼企應(yīng)運(yùn)用何種金融工具應(yīng)對變化,具有重要的現(xiàn)實意義。 本文擬將采用文獻(xiàn)研究、比較研究、案例分析等方法分析鐵礦石定價金融化趨勢對我國鋼企的影響,并針對鋼企應(yīng)該如何運(yùn)用金融工具加以應(yīng)對,進(jìn)行深層次探討。 本文一共分五個部分。第一部分主要闡述了本文的研究背景及意義、文獻(xiàn)綜述、研究方法及框架安排,確立本文的研究方向；第二部分為期貨市場功能的理論概述,通過對期貨兩大功能(價格發(fā)現(xiàn)及規(guī)避風(fēng)險)的闡述,為中國鋼企參加掉期交易提供了理論基礎(chǔ)；第三部分通過對鐵礦石貿(mào)易發(fā)展的歷史和現(xiàn)狀分析,探討中國鋼企在缺乏定價權(quán)的歷史背景下,必須使用金融衍生品工具來規(guī)避風(fēng)險的原因;第四部分主要通過中日大型鋼企應(yīng)對策略的經(jīng)驗借鑒,用案例研究的方法總結(jié)經(jīng)驗教訓(xùn),突出日本大型鋼企對金融手段的利用來化解風(fēng)險,說明了參加掉期交易的必要性;第五部分建議中國鋼企及鐵礦貿(mào)易公司通過各種金融手段來化解鐵礦石價格大幅波動帶來的風(fēng)險。 本文最后得出結(jié)論：中國鋼企在鐵礦石定價金融化背景下,通過參與掉期交易,并在掉期交易中規(guī)避交易風(fēng)險,可擺脫鐵礦石進(jìn)口大國缺乏話語權(quán)的局面。這對大型鋼企降低鐵礦石采購風(fēng)險,實現(xiàn)健康持久的發(fā)展,具有重要意義。
[Abstract]:Since China joined the WTO in 2003, the industry has been increasing explosively, and the demand for steel has been increasing at a high speed.Since China overtook Japan as the world's largest importer of iron ore in 2003, it has become increasingly dependent on iron ore imports and the price of imported iron ore has been rising year by year.But unmatched by the world's largest importer, China lacks pricing power in international iron ore trade.Under the international background of the financialization of import iron ore pricing, it is of great practical significance to analyze the pricing mechanism of iron ore and to study which financial instruments should be used to deal with the changes in China's steel enterprises.This paper intends to use the methods of literature research, comparative study and case study to analyze the influence of iron ore pricing financialization trend on Chinese steel enterprises, and to discuss how steel enterprises should use financial tools to deal with it.This paper is divided into five parts.The first part mainly describes the research background and significance of this paper, literature review, research methods and framework arrangements, establish the research direction of this paper; the second part is the theoretical overview of the function of futures market.By expounding the two functions of futures (price discovery and risk avoidance), it provides a theoretical basis for Chinese steel enterprises to participate in swap transactions. The third part analyzes the history and present situation of iron ore trade development.This paper discusses the reasons why Chinese steel enterprises must use financial derivatives to avoid risks in the historical background of lack of pricing power. The fourth part mainly draws lessons from the experiences of the coping strategies of large steel enterprises in China and Japan.Using the method of case study to sum up the experience and lessons, to highlight the Japanese large steel enterprises to the use of financial means to resolve the risk, explained the necessity of participating in swap transactions;The fifth part recommends that Chinese steel enterprises and iron ore trading companies use various financial means to mitigate the risk of sharp fluctuations in iron ore prices.Finally, this paper draws a conclusion: under the background of iron ore pricing financialization, Chinese steel enterprises can get rid of the lack of voice in the big iron ore importing countries by participating in swap transactions and avoiding transaction risks.This is of great significance for large steel enterprises to reduce the risk of iron ore procurement and achieve healthy and lasting development.
【學(xué)位授予單位】：華東師范大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.5;F426.1

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本文編號：1728250