动力煤期货指数定价模式的思路探讨

Idea discussions of thermal coal pricing pattern based on futures index

从动力煤期货价格预测模型的检验结果提出期货价格对现货价格具有可替代性,并由此提出动力煤期货指数定价模式的概念、具体操作、利弊分析、风险评估和推广应用,比较了期货指数定价与目前国内动力煤现货指数定价模式的区别,明确了期货指数定价在三个方面的改进以及推广需要克服的困难。

According to testing results from the prediction model of thermal coal futures price,the authors points out that the spot price can be replaced by the futures price.At meanwhile,the authors also mentioned thermal futures index pricing pattern,operation description,analysis of advantages and disadvantages,risk evaluation,promotion and application,particularly,comparing the difference between the new pattern and current spot index pricing pattern,proposing improvement measures in three aspects,and clearing the difficult during promotion.