会议专题

The Study of Hedging Effect in the Steel Futures

Hedgers can buy or sell according to the changes in the hasis of steel prices to lock cost,stabilize profits and even earn profit.However,in practice,hedgers must also consider the transportation,hoisting and other costs and the price premium in different market conditions to determine a reasonable basis.Meanwhile,this paper argues that if the hedgers who choose futures contracts which equal or close to the spot of the time,then the only factor that affect the effect in hedging is the change of the basis in the beginning and the ending.Choosing the best conditions of basis to hedge,will achieve the expected effect in hedging.

hedging basis strengthening of the basis weakening of the basis hedging effect

Liu Hong

Beijing Materials Institute Department:School of Economics Beijing,China

国际会议

2010 2nd IEEE International Conference on Information and Financial Engineering(2010年第二届IEEE信息与金融工程国际会议 ICIFE 2010)

重庆

英文

670-674

2010-09-17(万方平台首次上网日期,不代表论文的发表时间)