Research on Information Transmission and Price Discovery Mechanisms in the Ferrous Metal Futures Market

Boxuan Shen; Xueting Ji

doi:10.47297/wspdecWSP2515-797304.20250902

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Research on Information Transmission and Price Discovery Mechanisms in the Ferrous Metal Futures Market

Volume 9, Issue 2

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Research on Information Transmission and Price Discovery Mechanisms in the Ferrous Metal Futures Market
Research on Information Transmission and Price Discovery Mechanisms in the Ferrous Metal Futures Market
Liaoning University of Science and Technology, School of Economics and Law, Anshan, Liaoning 114000
Vol. 9, Issue 2, Pages: 18-22(2025)
Published：25 February 2025
DOI：10.47297/wspdecWSP2515-797304.20250902
Accepted：

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Shen Boxuan,Ji Xueting.Research on Information Transmission and Price Discovery Mechanisms in the Ferrous Metal Futures Market[J].Development Economics of China,2025,09(02):18-22.
DOI：

Shen Boxuan,Ji Xueting.Research on Information Transmission and Price Discovery Mechanisms in the Ferrous Metal Futures Market[J].Development Economics of China,2025,09(02):18-22. DOI： 10.47297/wspdecWSP2515-797304.20250902.

摘要

Abstract

This paper focuses on the ferrous metal futures market

delving into its information transmission and price discovery mechanisms. In the theoretical study of information transmission mechanisms

the efficient market hypothesis and Hayek's theory of dispersed information serve as the foundation

analyzing multiple channels of information transmission

the information acquisition behaviors of different participants

factors affecting transmission efficiency

manifestations of information asymmetry

and their impact on price volatility mechanisms. Regarding the price discovery mechanism

the paper clarifies its definition and operational principles

outlines the composition and main characteristics of the ferrous metal futures market

analyzes specific applications of price discovery

and discusses key factors influencing the price discovery mechanism

such as supply and demand fundamentals

macroeconomic indicators

policy regulation

market participant structure

international linkage effects

and trading system design. The research aims to comprehensively reveal the operational laws of the ferrous metal futures market

providing theoretical support and practical guidance for market participants' decision-making and market regulation.

关键词

Keywords

references

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Cao Tingting , Ge Yongbo . Research on the Information Spillover Effect of Night Trading on China's Ferrous Metal Futures Market [J ] . Price Theory and Practice , 2022 ( 4 ): 137 - 140 .

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Hua Renhai , Lu Bin , Liu Qingfu . Research on the International Pricing Function of China's Copper Futures Market [J ] . Quantitative & Technical Economics , 2008 ( 8 ): 83 - 93,122 .

Cao Tingting , Ge Yongbo . Research on the Price Discovery Function of China's Ferrous Metal Futures Market [J ] . Price Theory and Practice , 2024 ( 9 ): 213 - 220,228 .

Shi Panpan . Research on the Relationship between Futures and Spot Markets in China's Futures Market and Its Influencing Factors [D ] . Southwestern University of Finance and Economics , 2022 .

Zhang Shuo , Li Jian , Qi Kaiqing , et al . Research on the Impact of Major Information Announcements on Real-Time Trading Behavior in Agricultural Futures [J ] . World Agriculture , 2024 ( 9 ): 52 - 65 .

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