Analysis on the relationship between the prices of pulps and wood chips

Kee Hyun Lee, Chul Hwan Kim, Eui Gyeong Kim, Byeong Il Ahn

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

In order to investigate the relationship between the prices of wood chips and pulps, regression analysis and cointegration test were conducted. Test results indicated that pulp producers adjusted pulp price in response to the change in wood-chip price and there were a long-run relationship between these prices. This implied that by raising the selling price of pulp, pulp producers avoid profit loss incurred by the increase in the wood-chip price. The existence of cointegration between wood chips and pulp prices implied that pulp producers were competing when they set the selling price of pulp.

Original languageEnglish
Pages (from-to)128-136
Number of pages9
JournalPalpu Chongi Gisul/Journal of Korea Technical Association of the Pulp and Paper Industry
Volume43
Issue number3
Publication statusPublished - 2011

Keywords

  • Cointegration test
  • Pulp price
  • Unit root test
  • Woodchip price

ASJC Scopus subject areas

  • Chemistry(all)
  • Materials Science(all)
  • Media Technology

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