"This is not absolute, and the price of iron ore will rise as the dollar depreciates. The recent rise in the US dollar index shows that the US economy is further improving, and both crude oil and industrial products have fallen sharply. "

The countries with general mineral resources are Australian dollar and Canadian dollar. But now the Canadian dollar generally fluctuates with crude oil. So iron ore generally affects the fluctuation of the Australian dollar. And don't say that the dollar goes up and down. All currencies are traded on the basis of dollars. That's not right. We want to talk about the dollar index. The dollar index affects the euro, the yen and the pound and so on. Non-agricultural or monetary minutes will also affect the US dollar index. Don't be confused.

The data source of Platts index of iron ore pricing mechanism includes telephone inquiry, etc. It collects data from miners, steel mills and traders, among which 30 to 40 "most active enterprises" will be selected for inquiry, and its valuation is mainly based on the highest inquiry of the buyer and the lowest quotation of the seller on that day, regardless of whether the actual transaction takes place. Traders will obviously make inflated quotations for the purpose of profit, and inflated quotations will become the settlement prices of mines and steel mills when they enter the index as samples. Due to the low concentration of iron and steel industry in China, from the perspective of enterprises, the demand in China is scattered. However, the iron ore procurement contract is signed with the legal person as the main body, not the state as the main body, so domestic steel mills are in a very passive position in the bargaining process. Moreover, iron ore pricing has been indexed, and the financial capital behind it has participated in both mines and index companies, which has the conditions for speculation. Looking at the dollar index, iron ore international commodities are all denominated in dollars, and the dollar index and commodity prices are a seesaw relationship. Overall, the dollar index rose, commodities fell, the dollar index fell and commodities rose. This year, the US dollar index fell from 100 to 90.