Linkage Relationship between Natural Rubber Futures Price, the Climate and Other Factors

Linkage Relationship between Natural Rubber Futures Price, the Climate and Other Factors

As an important strategic material in China, natural rubber is widely used in economic construction and national defense industry. Rubber futures is a financial derivative based on natural rubber. The price formed in the futures market has a certain reference value for the spot market. Therefore, the study of the price changes of rubber futures play a vital role in commodity prices and market situations.
Considering both economic and climatic factors, through the dynamic analysis of the expression analysis, impulse response function and variance decomposition, this paper comprehensively studies the fluctuation of influencing factors on the price of rubber futures and comprehensively analyzes the factor variables affecting the price of natural rubber futures in China and their equilibrium relationship. This paper conducted a regional two-level test on the natural factors in the main reclamation areas by the daily data of the same period in China and comprehensively explores the effect of various natural factors on the price of natural rubber futures.