Regional premiums in nonferrous metals markets
نویسندگان
چکیده
Peculiarities of the LME contract structure give impression that exchange spot prices measure transaction paid by consumers and received producers. This can be misleading. Transaction also include a regional premium account for substantial component full price. In well-supplied markets, premiums cost intermediating warehouses consumers. periods tight demand they reflect urgency consumer requirements. I use Markov-switching model to analyze temporal variation in aluminum zinc premiums.
منابع مشابه
Cross-correlations between spot and futures markets of nonferrous metals
In this paper, we investigate cross-correlations between nonferrousmetal spot and futures markets using detrended cross-correlation analysis (DCCA). We find the existence of significant cross-correlations for both return and volatility series. The DCCA-based crosscorrelation coefficients are very high and decrease with the futures maturity increases. Using the multifractal extension of DCCA, th...
متن کاملLiquidity Premiums between Treasury Asset Markets
This paper examines the factors which explain the liquidity premium in the Spanish government securities market. First, we study the degree of liquidity and the relationship to the factors it depends on, observing the differences between two kinds of assets, bills and notes, and between two markets that can be considered as retail market (the Electronic Stock Exchange, ETS) and wholesale market...
متن کاملModelling Risk Premiums in Equity and Foreign Exchange Markets
The observed predictability of excess returns in equity and foreign exchange markets has largely been attributed to the presence of time-varying risk premiums in these markets. For example, excess equity returns were found to be explained by various financial and economic variables. Similarly, in the foreign exchange market, the forward rate was found not to be an unbiased predictor of the futu...
متن کاملIdentifying cowpea characteristics which command price premiums in Senegalese markets
Since the 1980s cowpea has become an alternative cash crop in northern Senegal. However, in 1997, surveys showed that farmers often sold their crop at unprofi table prices. The hypothesis was that farmers could improve selling prices if they produced cowpea with the characteristics demanded by consumers. To identify those characteristics, data were collected in six markets from January 1998 to ...
متن کاملSpatial Variability and Distribution of the Metals in Surface Runoff in a Nonferrous Metal Mine
The spatial variation and distribution features of the metals tested in the surface runoff in Xikuangshan Bao Daxing miming area were analyzed by combining statistical methods with a geographic information system (GIS). The results showed that the maximum concentrations of those five kinds of the metals (Sb, Zn, Cu, Pb, and Cd) in the surface runoff of the antimony mining area were lower than t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Futures Markets
سال: 2021
ISSN: ['0270-7314', '1096-9934']
DOI: https://doi.org/10.1002/fut.22245