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西安翻譯公司關鍵字：There is no doubt that international crude oil, iron ore price rise will raise a huge variety of domestic oil and steel prices, the domestic petrochemical, automotive, appliance, construction, machinery, container, shipbuilding and other industries a serious blow , the momentum of China's rapid economic development may be contained, thereby reducing the people's living standards.
International crude oil, iron ore, huge price increases cause analysisThe first is demand. 2004 global economic growth reached 5% in 30 years, the year the world's fastest growing economies, according United Nations Economic Commission for Europe predicts that the global economy will maintain a good momentum of development, growth is expected to reach 4.25%. Therefore, the global demand for crude oil and steel, although high oil prices, global oil consumption in North America large has not been reduced, while countries such as China and India's rapid economic growth, energy and steel consumption will certainly be a substantial increase, in addition to the world transition is in the industrial, oil and steel demand will certainly not decrease.
Second, the limited supply capacity or resources to be monopolized. Rapid growth in global oil demand, while domestic oil production could have been to the limit. International Energy Agency, March 11, 2005 global oil demand to increase to 8430 million barrels daily, a figure with the actual current global oil production is consistent, that between total supply and total demand has been basically no cushion. The United States under the control of the situation in Iraq as turmoil in crude oil production is estimated to have a big improvement in the near future is difficult. Since OPEC and non-OPEC oil producers running out of idle mining capacity, slow the formation of new production capacity, in this case, the oil market vulnerable to the impact of various non-fundamental factors, analysts believe that changes in oil prices this year may be more volatile. While the iron ore in the export markets are mainly in Brazil, Australia and India manufacturers monopoly seller in the price determination process to occupy a dominant position.In addition, speculative factors have a significant impact. The case of oil, some analysts believe that OPEC production is difficult to check the reason why oil prices, supply and demand may be very difficult to completely determine the price of oil have been ups and downs, speculative movements in international crude oil prices had a significant impact. Data show that since last year, the influx of a large number of hedge fund oil market, oil prices pushed up membership to profit. Now it seems, has at least 50 U.S. hedge fund "meddle" oil futures positions held by nearly 15% of the total transaction. Speculation in crude oil prices make these over-sensitive, some occasional incident of "overshoot." While the iron ore, the more obvious signs of manipulation. According to a recent poll, believe that the Japanese steel companies 'conspiracy' operating iron ore prices, China's steel industry to the manufacturing price trap accounted for nearly 7 percent. This is not groundless accusations and emotions, Nippon Steel and Brazil's iron ore joint venture to implement the world's largest iron ore supplier Vale, Brazil holds 40% stake. Nippon Steel's iron ore in Brazil because there are shares, prices can be used as part of the profit added back.
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