Title: China's cotton futures prices and spot prices Empirical Study
Abstract: According to the Zhengzhou Commodity Exchange in 2010 for the price of cotton futures and spot prices of China Cotton Association,the use of unit root test,cointegration test,error correction model approach to empirical study of Chinese cotton price discovery role of futures markets.The results showed that:Cotton futures prices and spot prices have a strong correlation,but this is the one-way related,that the spot price of the futures prices significantly guide,and the futures price on the spot price of the guide is not strong.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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