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

    4 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

    • General Chemistry
    • General Materials Science
    • Media Technology

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