EconPapers    
Economics at your fingertips  
 

A Study on Commodity Market Behaviour, Price Discovery and its Factors

M. Dash
Additional contact information
M. Dash: Alliance University, India

Journal of Applied Management and Investments, 2019, vol. 8, issue 3, 125-134

Abstract: Commodity markets have been gaining importance in recent years, giving participants an opportunity to go for forward contracting and hedging. In particular, derivative markets have attained more than eighteen times in trading volume when compared to the spot markets. This paper provides an overview of the commodity market in India and its participants, and analyses twelve commodities that are traded in MCX (Multi Commodity Exchange), in terms of price discovery of the spot and futures markets using GARCH model. It also analyses the impact of trading volume, inflation and other macroeconomic factors on spot and futures price movements.

Keywords: commodity markets; price discovery; GARCH model; trading volume; inflation; macroeconomic factors (search for similar items in EconPapers)
JEL-codes: Q02 C58 G13 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.jami.org.ua/Papers/JAMI_8_3_2019_125-134.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ods:journl:v:8:y:2019:i:3:p:125-134

Access Statistics for this article

Journal of Applied Management and Investments is currently edited by Anatoliy G. Goncharuk

More articles in Journal of Applied Management and Investments from Department of Business Administration and Corporate Security, International Humanitarian University Contact information at EDIRC.
Bibliographic data for series maintained by Anatoliy G. Goncharuk ().

 
Page updated 2019-11-24
Handle: RePEc:ods:journl:v:8:y:2019:i:3:p:125-134