The Research on the Guidance of Apple Futures Price Change to Spot Price

DOI

10.2991/assehr.k.210513.079How to use a DOI?

Keywords

Apple futures price, Cointegration test, Impulse response

Abstract

On December 22, 2017, China’s Zhengzhou Commodity Exchange officially announced the listing of Apple futures, which officially became China’s first listed agricultural futures contract. The listing of Apple futures will help the country gradually realize the poverty alleviation policy and become an effective hedging financial tool to help the apple spot market, It has the function of price discovery and risk aversion. This paper selects the daily price data of Apple futures contract and Bohai commodity exchange from May 6, 2020 to November 30, 2020, and uses eviews10.0 software to study the relationship between Apple futures price and spot price. The empirical part shows that there is a certain co integration relationship between Apple futures price and apple spot price, and apple futures price guides apple spot price to a certain extent.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hongmin Zhang
AU  - Jun Guo
PY  - 2021
DA  - 2021/05/14
TI  - The Research on the Guidance of Apple Futures Price Change to Spot Price
BT  - Proceedings of the 6th International Conference on Education Reform and Modern Management (ERMM 2021)
PB  - Atlantis Press
SP  - 344
EP  - 347
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210513.079
DO  - 10.2991/assehr.k.210513.079
ID  - Zhang2021
ER  -