Iron ore futures design

At present, the international iron ore from 80% to 90% of the big three production on the basis of platts index-based pricing, platts index is based on three major ore bidding price.Due to platts index sample size is small, prepare the way is not public, three major mines tender process is not open, so the price transparency by market.
In the industry point of view,large diameter steel pipe low pressure fluid linepipe design for iron ore futures with physical delivery of futures contracts, can reflect the market supply and demand relations, reflect the fair market price, help to build an objective and fair pricing system.With iron ore futures, the domestic enterprise to lower transaction costs, the more direct and convenient to participate in the market, make its trading will at home to get the maximum reflection, thus to improve your Chinese steel mills, traders and other bargaining power.
At present, has been running two months of futures trading is more active, the iron ore industry customer involvement is relatively positive, market running smoothly, the price discovery and hedging function gradually appear, hand in a copy of the market is relatively satisfactory answer.