Iron ore futures are commodity futures contracts based on the standardized characteristics of iron ore futures contracts. 20 12 10, the iron ore futures of Dashang Institute have been approved by CSRC. 201310/8 iron ore futures contract has been listed and traded in Dalian Commodity Exchange.
World iron ore resources are concentrated in Australia, Brazil, Russia, Ukraine, Kazakhstan, India, the United States, Canada, South Africa and other countries. In the global iron ore market, there are only two major exporting countries, namely Brazil and Australia; South Africa, India and Canada belong to the second echelon.
Iron ore in China is mainly distributed in Liaoning, Sichuan, Hebei, Beijing, Shanxi, Inner Mongolia, Shandong, Henan, Hubei, Yunnan, Anhui, Fujian, Jiangxi, Hainan, Guizhou, Shaanxi, Gansu, Qinghai and Xinjiang.
With the new development of iron and steel industry, the demand for iron ore is increasing, and the world iron ore trade pattern is also changing. The major mineral importers in the world began to gradually shift from Japan and Western Europe to China. Judging from the international iron ore demand market, the European and North American markets are mature and the import demand is relatively stable. In Asia, imports from South Korea, China and Taiwan Province Province will increase slightly, while Japanese imports will remain at roughly the same level, while Chinese mainland's consumer demand will increase by leaps and bounds.
China has become the world's largest iron ore consumer, importing 60% of the world's iron ore. 20 1 1 imported 686 million tons of iron ore, up 1 1% year-on-year.