Title :
The analysis of correlation of China and international steel market
Author :
Hui Peng ; Yue Tian
Author_Institution :
Coll. of Econ. & Manage., Shenyang Ligong Univ., Shenyang, China
Abstract :
By cointegration analysis, we find that the prices of Chinese steel and iron ore have long-term stable relation with international prices. Granger test shows that the prices of steel and iron ore are not reinforce each other, there is only one way of China on global prices of causality. Thorough VAR model, the Chinese domestic steel market fluctuations are mainly effected by the prices of early steel and it also shows that the main cause of iron ore price fluctuations in China is on a domestic iron ore price volatility.
Keywords :
international trade; iron; pricing; statistical analysis; steel; Chinese domestic steel market fluctuations; Chinese iron prices; Chinese steel prices; Granger test; VAR model; cointegration analysis; correlation analysis; international prices; international steel market; price volatility; Equations; Fluctuations; Indexes; Iron; Mathematical model; Reactive power; Steel; Granger test; VAR model; cointegration; iron ore; steel;
Conference_Titel :
Electronic and Mechanical Engineering and Information Technology (EMEIT), 2011 International Conference on
Conference_Location :
Harbin, Heilongjiang
Print_ISBN :
978-1-61284-087-1
DOI :
10.1109/EMEIT.2011.6023130
