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Proceedings of the 2018 International Conference on Social Science and Education Reform (ICSSER 2018)
Based on cointegration test, vector error correction model and impulse response function, this paper took the relevant daily data from October 2013 to May 2018 as the research object to study the relationship between iron ore futures price and spot price in China. The results show that there is a long-term equilibrium relationship between iron ore futures price and spot price. Compared with the futures market, the spot market is more sensitive to the departure of short-term price fromdoi:10.2991/icsser-18.2018.85 fatcat:dlrhhuxid5gqzmvglyztqcj4xe