Abstract: China domestic iron ore futures market has been put on the agenda with many uncertainties.Based the analysis on the preparation conditions,the design of the iron ore futures contracts,as well as the futures market traders forces,we discussed the future of China's iron ore futures market in this paper.For China,it is not easy to obtain iron ore pricing in the short term.But in the long run,an international iron ore future market for our country to compete for the pricing power is of great significance,with the improving and gradual opening up of China's financial markets.