Formation of the metal and energy-carrier price clusters on the world market of nonferrous metals in the postcrisis period
- Authors: Bogdanov S.V.1, Shevelev I.M.2, Chernyi S.A.2
-
Affiliations:
- State University of Management
- Berezniki Branch of Perm National Research Polytechnic University
- Issue: Vol 2016, No 6 (2016)
- Pages: 575-580
- Section: Problems of Economics
- URL: https://journals.rcsi.science/0036-0295/article/view/170631
- DOI: https://doi.org/10.1134/S0036029516060033
- ID: 170631
Cite item
Abstract
The laws of formation of price clusters are revealed upon statistical processing of the data on changing the quotation prices of nonferrous and precious metals, oil, black oil, gasoline, and natural gas in the postcrisis period from January 1, 2009 to November 1, 2013. It is found that the metal prices entering in the price cluster of nonferrous metals most strongly affect the formation of the nonferrous metal price and that the prices of precious metals and energy carriers correct the exchange price of the metal to some extent but do not determine its formation. Equations are derived to calculate the prices. The results of calculation by these equations agree well with the real nonferrous metal prices in the near future.
About the authors
S. V. Bogdanov
State University of Management
Author for correspondence.
Email: bsv-29@yandex.ru
Russian Federation, Ryazanskii pr. 99, Moscow, 109542
I. M. Shevelev
Berezniki Branch of Perm National Research Polytechnic University
Email: bsv-29@yandex.ru
Russian Federation, ul. Tel’mana 7, Berezniki, 618221
S. A. Chernyi
Berezniki Branch of Perm National Research Polytechnic University
Email: bsv-29@yandex.ru
Russian Federation, ul. Tel’mana 7, Berezniki, 618221