The reporter learned from the working meeting of the Expert Group on Imported Iron Ore Price Index that the China Iron Ore Price Index (CIOPI) has been compiled and released on a daily basis for more than a year, and has played an important role in promoting the reasonable return of iron ore prices. The extensive attention of the company, and the continuous improvement of domestic and foreign influence. In the next step, the feasibility of using the index in the actual trading process will be further studied.

 

Qu Xiuli, vice president of China Iron and Steel Association, pointed out that CIOPI's emergence from scratch and its influence has grown from small to large. It is the result of the joint efforts of China's iron ore price index work leading group, office and expert group, and broad information staff. The work in the past few years has laid a scientific and authoritative foundation for the establishment of CIOPI. At present, CIOPI has gradually been recognized by mining companies, steel companies and trading companies. In the next step, on the one hand, the working group will further improve the content of CIOPI, and further carry out iron ore price analysis and research, so as to give full play to the advantages of CIOPI; on the other hand, it will strengthen the research on the usability of CIOPI, in order to provide enterprises with a Alternative iron ore trade settlement methods.

 

The reporter of "China Metallurgical News" learned that the Chinese and English bilingual version of "China Iron Ore Price Index Compilation Method" has been compiled and will be submitted to the China Iron Ore Price Index Leading Group for approval based on the deliberations and discussions of the expert group. It was officially released later. In addition, in the next step, CIOPI will increase the release of lump ore premiums and the release of inventories of imported iron ore companies, and carry out daily reports and weekly reviews of iron ore price indexes to meet the needs of companies to keep abreast of market changes.

 

Some steel industry experts who participated in the meeting told the reporter of China Metallurgical News that the scientific, authoritative, and accurate characteristics of CIOPI were clearly demonstrated in this round of ore price rebound. During the rebound process, foreign indexes often rebounded sharply on one day and then pulled back slightly the next day. The intention of artificially pulling up is very obvious. The CIOPI is more accurate, the index is more in line with the real market transactions, and is released on time at 5 pm every day, which has more guiding significance for business operations. Experts believe that China’s iron ore price index has the advantage of being close to the market and being objective and true. We hope that everyone will work together to continuously improve the authority of China’s iron ore price index and provide an important basis for stabilizing the iron ore market and correct business decision-making. .

 

Liu Zhonghui, vice chairman of China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters, attended the meeting and delivered a speech. Experts from China Metallurgical Mining Enterprises Association and Metallurgical Industry Information Center also participated in the meeting.