Petroleum is known as the big raw materials of industry. It is scarce resource, a security strategic resource of state economy, so it influences national economy deeply. With economy development of our country, the demand for petroleum increases rapidly, while the production of domestic cannot meet the demand. So the author makes a thorough research on petroleum international price mechanism, put off the countermeasures on petroleum international price risk, will have a practical significance on guaranteeing the fast and stable development of national economy.
This paper mainly based on theory of elasticity to study mineral and Renminbi. The introduction mainly introduced the background of research, literature review, methodology, innovation and weakness. Second part depends on regression analysis, has analyzed the effect that exchange rates for the Renminbi against other currencies changes as well as to resource product import and export theoretically, knowing the regulation of exchange rate in a narrow rang will bring some benefit, on the one hand, it will be of advantage to import the petroleum badly need in our country, on the other hand, it will spur the imported petroleum to reduce the prices so that our country will alleviate the restrict of economic development caused by resource bottleneck by means of importing petroleum. The third has put forward the countermeasure answering risk rationally.
〔Keywords〕Rates for the Renminbi Regression analysis
Theory of elasticity