中国正式推出铁矿石价格指数

短语讲解：

1. The index consists of two sub-indices, to track the domestic iron ore prices and import prices.

consist of由…组成
例句：The atmosphere consist of more than 70% of nitrogen.
大气中含有 70% 以上的氮气。

2. During the first eight months this year, China imported 448 million tons of iron ore, an increase of 10.6 percent. The average CIF price of iron ore rose 37.5 percent to $164.36 US dollars per ton, an increase of $44.8 US dollars per ton compare to last year.

compare to与…相比
例句：The writer was compared to Shakespeare.
把这个作家与莎士比亚进行了比较。

3. The cost of the iron ore industry went up nearly 130 billion yuan because the companies had to pay more than $20 billion US dollar due to the price increase.

go up上升, 上涨, 提高, 增加, 增高
例句：The goods have gone up in price.
这些商品的价格已经上涨。
due to由于，因为
例句：Her absence is due to illness.
她因病缺席。

4. Nearly 60 percent of China's domestic consumption relies on import.

rely on信赖, 依赖
例句：Hong Kong's prosperity relies heavily on foreign businesses.
香港的繁荣在很大程度上依赖于外国商行。

5. It leads to the rising price of the raw material and the drop of the companies' profit, the huge increase of the foreign exchange payment.

lead to导致, 引起
例句：An ordinary cold can soon lead to a fever.
一场普通的感冒很快便会引起高烧。

6. The world's three-largest iron ore producers last year abandoned a 40-year custom of annual pricing in favor of quarterly agreements as spot ore prices surged last year.

in favor of赞成...;支持...;有利于...
例句：All in favor of this proposition will please say “Aye”.
请所有赞成这项提议的人讲一声“赞成”。