2. Despite market freedom is the direction in the future, spot market only stillcan not solve some deep-laid problems in the producing and circulating area.
For example, with only spot market, farmers can not form accurate expectation, which will lead to irrationalities in production, thus aggravate fluctuation of spot market.
The United States is the largest country in corn production and consumption, and its well-functioned spot market provides a good basis for the development of the corn futures market. In the United States, the effective connection between futures market represented by CBOT and spot market has not only played an important part in domestic corn production and circulation, but also exerts great influence on the world corn market.
After more than one year's development, the corn futures market, which was first launched in Dalian Commodity Exchange on September 22, 2004, has expanded continually and functioned well. The futures price reflects the real demand and supply of spot market and the effective connection between futures market and spot market has been achieved.
In order to achieve this goal, firstly, this thesis analyzes theoretically the relationship between functions of futures market and cash market. Then, logistic analysis framework and analytical method for this study are constructed.
On the basis of this, this thesis analyzes empirically the actual result of function exertion of China's agricultural futures market and its actual role that acts on cash market, and then deeply analyzes cash market how to impacts on the function exertion.
Namely, this thesis constructs logistic analysis framework and analytical method for this study, then discusses the relationship between agricultural futures market and cash market.
This paper focuses on the function of price discovery of futures prices in Shanghai Futures Exchange's fuel markets with cointegration tests,Granger causality test,error correction model and Garbade-Silber model.
This article empirically measures price discovery and lead-lag relationships in Chinese soybean and wheat's spot-futures markets with the information shares and volatility spillovers models.
The results showed that there exists a strong relationship between the spot price of Huangpu fuel oil spot market and the futures price of Shanghai fuel oil futures market.
In this paper we investigate the optimal supply function for a generator who sells electricity into a wholesale electricity spot market and whose profit function is not smooth.
These include the case when a generator signs a one-way hedge contract before bidding into the spot market, as well as a situation in which a generator owns several generation units with different marginal costs.
This equivalence enables us to provide some new insights on the relation of the existence of sunspot equilibria and the multiplicity of spot market equilibria.
The spot market price risk, the buyer's demand risk and the seller's marginal cost risk, which are key to many industrial settings such as the chemical industry, are explicitly incorporated.
Because there is already a cash market for manure, although not well developed yet, and there will be a cash market for P2O5 rights, a futures market is a logical sequel.
Moreover, this trend has been accompanied by the nucleation of households, a growing cash market for agricultural labor, and the intravillage sale of faunal foods.
For perfectly competitive economies under uncertainty, there is a well-known equivalence between a formulation with contingent goods and one with state-specific securities followed by spot markets for goods.
According to the technique requirements of the trial operation electricity m arket of unbundled generation market in China,this paper introduces the objective and design rule of settlement management subsystem SMS in power m arket operator system PMOS- 2 0 0 0 .Then it presents the m ain functions of spot market settlement,tim e- bargain m arket settlement,ancillary service settlem ent,market intervention and suspension settlement,penalty settlem ent when m arket mem ber violates the marketrules.Fina...
The relationship between futures price and spot price is always the focus paid close attention to by the people in economic circles.Whether there is cointegration relationship between a pair of economic variables is the key to give analysis and forecast correctly.The dissertation gives cointegration derivation,explanations and makes empirical analysis on the relationship between conditioned futures price and spot price of copper in Chongqing and mung bean in Zhenzhou.It is found that each has a cointegratio...
Based on the analysis and comparison of two basic electricity market models—Net Pool and Gross Pool,this paper concluded that the latter one i s more suitable for provincial electricity market in China with its statu s taken into account.The risk aversion function of Contra ct for Difference(CFD)in Gross Pool and other aspects such a s regulation and dispatch mechanism of electricity market are also discussed in this paper.
现货市场
spot market 
查询“现货市场”译词为用户自定义的双语例句
相关查询:
2008 CNKI－中国知网