First of all, China is a big importer of iron ore. Many domestic enterprises have a great demand for iron ore, and the price of iron ore has been fluctuating, which will naturally harm the interests of enterprises. Futures can minimize losses, but in the past, many enterprises can only achieve this role through international futures companies, which is not only inconvenient to deliver, but also cumbersome at first. The establishment of iron ore futures by the state has strengthened the state's pricing power of iron ore and brought many conveniences to importing enterprises.