铜期货价格与现货价格的关系及启示

随着经济的快速发展,我国对大宗商品的消费需求不断增加,然而综观我国目前的对外贸易,作为大买家却没有定价权,这与需求大国和对外贸易大国的身份极不相称。本文对铜期货价格与现货价格的关系进行了实证研究,进而对现货市场价格的局限性及期货市场价格的功能进行了理性分析,提出利用期货市场争夺国际定价权。

Copper future price and stock on hand price's relation and inspiration

The economy of China continues to grow,and its demand for staple commodities is growing.However,as a major buyer,we almost have no pricing power in the current foreign trade,which is not commensurate with our status as major demand and import country.This paper analyzes the relationship between the of the copper empirically,and then analyzes the limitations of the spot price and the function of the future price from a theoretical perspective.Finally,the paper puts forward how to get international pricing right through the future market.