Proceedings of the 6th International Conference on Education Reform and Modern Management (ERMM 2021)

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

Authors
Hongmin Zhang, Jun Guo
Corresponding Author
Hongmin Zhang
Available Online 14 May 2021.
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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Volume Title
Proceedings of the 6th International Conference on Education Reform and Modern Management (ERMM 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
14 May 2021
ISBN
978-94-6239-379-0
ISSN
2352-5398
DOI
10.2991/assehr.k.210513.079How to use a DOI?
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/).

Cite this article

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  -