Wang, Zhen; Chen, Chao; Liu, Zhenhai - In: Chinese Economy 41 (2008) 2, pp. 76-83
We examine the linkage between the Singapore and China fuel oil markets using cointegration and Granger causality tests. We find that the Singapore fuel oil spot price is positively correlated with the Shanghai fuel oil futures price and the Huangpu fuel oil spot price. The correlations are as...