The research on the time difference between Chinese and international oil futures price based on grey incidence theory

Author

Hongtao, Chen ; Huanhuan, Cao ; Dequn, Zhou

Author_Institution

Nanjing Univ. of Aeronaut. & Astronaut., Nanjing

fYear

2007

fDate

18-20 Nov. 2007

Firstpage

100

Lastpage

104

Abstract

On the basis of the grey incidence theory, this paper calculates the grey incidence degree of the oil prices in Chinese and foreign oil futures markets. The results demonstrate that the prices of fueling oil futures in Shanghai Futures Exchange(SHFE) are about 15 days lagging behind that in New York Mercantile Exchange(NYMEX), about 26 days lagging behind that in Tokyo Commodity Exchange(TOCOM) and about 30 days lagging behind that in International Petroleum Exchange(IPE) and Singapore Paper Market(SPM).

Keywords

grey systems; petroleum industry; pricing; stock markets; Chinese oil future price; International Petroleum Exchange; New York Mercantile Exchange; Shanghai Futures Exchange; Singapore Paper Market; Tokyo Commodity Exchange; grey incidence theory; international oil future price; Economic forecasting; Fluctuations; Heating; Intelligent systems; Macroeconomics; Petroleum; Pricing; Production; Scanning probe microscopy; Testing;

fLanguage

English

Publisher

ieee

Conference_Titel

Grey Systems and Intelligent Services, 2007. GSIS 2007. IEEE International Conference on

Conference_Location

Nanjing

Print_ISBN

978-1-4244-1294-5

Electronic_ISBN

978-1-4244-1294-5

Type

conf

DOI

10.1109/GSIS.2007.4443245

Filename

4443245