Economic Analysis of Ferro-molybdenum Physical Market on Molybdenum Stock Market in China

摘要：

Molybdenum is one of the most important strategy metals. Recent decades saw wild fluctuations of molybdenum products prices, with the continuous and steady growth of cumulative production as well as equilibrium of supply and demand.This paper measures the closing prices of two stocks, LYMY(3993.HK) and JMGF(601958), as well as the price of ferromolybdenum(FOB, 60％, Chinese main ports), from April 17 to December 31, 2008,based on the modern econometric models and methods, such as ARIMA Model and Impluse Function, shows the impact of Chinese ferro-molybdenum physical market on Chinese molybdenum stock market, which is higher than the impact of Chinese molybdenum stock market on Chinese ferro-molybdenum market, and longer for about 1 month.

关键词： ARIMA Model impluse response market efficiency

作者: FANG Lan LI Xibing

作者单位: Institute of Geographical Sciences and Natural Resources Research (IGSNRR),Chinese Academy of Scienc School of Resources and Safety Engineering,Central South University,P.R.China,410083,

会议类型: 国际会议

会议名称: 2009 International Conference on Management Science and Engineering(2009管理科学与工程国际会议)

会议地点: 北京

会议语种:英文

页码: 397-402

在线出版日期: 2009-11-01（万方平台首次上网日期，不代表论文的发表时间）