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In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight...
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Purpose: Putting forward the concept and features of the public information platform for coal logistics based on electronic commerce, as well as the requirements of upper and lower intersections of the coal supply chain. Meanwhile, this paper will also probe into the current condition of...
Persistent link: https://www.econbiz.de/10011903284
In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight...
Persistent link: https://www.econbiz.de/10014199847
We present an application of Financial Mathematics (using Real Option Analysis) to value the inherent optionality a coal producer has when mining and processing thermal coal. The pay-off of the physical option can be modelled as a spread option, whereby both the underlyings, and more unusually,...
Persistent link: https://www.econbiz.de/10013295210
Die Bedeutung von Kohle wird heute oft unterschätzt, da sie lange als eine Ressource der Vergangenheit galt. Dabei ist … Kohle nach wie vor Grundpfeiler der Stromerzeugung in den meisten Ländern: Ein Viertel des weltweiten … Primärenergieverbrauchs wird durch Kohle gedeckt. Während die größten Kohleproduzenten China, USA und Indien auch gleichzeitig die größten …
Persistent link: https://www.econbiz.de/10011601891