PDMS项目阀门Commodity Code软件开发应用

本文主要介绍利用PDMS内置PML编程语言进行阀门Commodity Code开发的思路及程序应用效果。

Price linkage between Chinese and international nonferrous metals commodity markets based on VAR-DCC-GARCH models

Using VAR-DCC-GARCH model,the literature on commodity price was extended by exploring the co-movement between Chinese nonferrous metal prices and global nonferrous metal prices represented by the nonferrous metal prices from London Metal Exchange(LME).The results show that LME nonferrous metals prices still have a greater impact on Chinese nonferrous metals prices.However,the impact of Chinese nonferrous metals prices on LME nonferrous metals prices is still weak except for lead price.The co-movement of nonferrous metal prices between LME and China presents hysteretic nature,and it lasts for 7-8trading days.Furthermore,the co-movement between LME nonferrous metals prices and Chinese nonferrous metals prices has the characteristics of time-varying,and the correlation of lead prices between LME and China is the more stable than all other nonferrous metals prices.

From trash to treasure: Chemical recycling and upcycling of commodity plastic waste to fuels, high-valued chemicals and advanced materials

Of all the existing materials, plastics are no doubt among the most versatile ones. However, the extreme increases in plastic production as well as the difficulty of the material for degradation have led to a huge number of plastic wastes. Their recycling rate after disposal is less than 10%, resulting in a series of serious environmental and ecological problems as well as a significant waste of resources. Current recycling methods generally suffer from large energy consumption, the low utilization rate of recycled products with low added value, and produce other waste during the process. Here, we summarized recentlydeveloped chemical recycling ways on commodity plastics, especially new catalytic paths in production of fuels, high-valued chemicals and advanced materials from a single virgin or a mixture of plastic waste,which have emerged as promising ways to valorize waste plastics more economically and environmentally friendly. The new catalyst design criteria as well as innovative catalytic paths and technologies for plastic upcycling are highlighted. Beyond energy recovery by incineration, these approaches demonstrate how waste plastics can be a viable feedstock for energy use with the generation of clean H_(2), high-quality liquid fuels and materials for energy storage, and help inspiring more catalytic process on plastic upcycling to overcome the economical hurdle and building a circular plastic economy.

City Networks of Online Commodity Services in China:Empirical Analysis of Tmall Clothing and Electronic Retailers

City networks have been a critical topic in the fields of urban geography and regional economics. Numerous studies have explored city networks, focusing mainly on infrastructure and industrial networks. Unlike traditional urban network of which the major measuring indexes are population sizes and entity industries, online commodity service networks could reflect well the influencing of emerging economies, especially the Internet economy, on city networks. This study analyzes and reveals structural features of China's city networks through online commodity services, providing the internet economic approach on city networks. Results indicate that the core cities of online commodity service networks are mainly concentrated in eastern coastal areas. In addition, spatial polarization and layer structure of network connections are obvious, descending from the centers in eastern China to peripheral cities in central and western China. Online commodity services of different cities show apparent differences and uncertainties in terms of specialization rates of international connection, which presents a tendency toward diversification. Online commodity service networks are not only associated with goods production, supply, and consumption in physical space but also reflect virtual information, capital, and technology flows, thus providing a new empirical approach for understanding city networks in information and internet economic age.

Evaluation of the impact of commodity price change on mine plan of underground mining

Fluctuations in commodity prices should influence mining operations to continually update and adjust their mine plans in order to capture additional value under new market conditions. One of the adjustments is the change in production sequencing. This paper seeks to present a method for quantifying the net present value(NPV) that may be directly attributed to the change in commodity prices. The evaluation is conducted across ten copper price scenarios. Discrete event simulation combined with mixed integer programming was used to attain a viable production strategy and to generate optimal mine plans. The analysis indicates that an increase in prices results in an increased in the NPV from$96.57M to $755.65M. In an environment where mining operations must be striving to gain as much value as possible from the rights to exploit a finite resource, it is not appropriate to keep operating under the same mine plan if commodity prices alter during the course of operations.

Alternative techniques for forecasting mineral commodity prices

Forecasting mineral commodity(MC) prices has been an important and difficult task traditionally addressed by econometric, stochastic-Gaussian and time series techniques. None of these techniques has proved suitable to represent the dynamic behavior and time related nature of MC markets. Chaos theory(CT) and machine learning(ML) techniques are able to represent the temporal relationships of variables and their evolution has been used separately to better understand and represent MC markets. CT can determine a system's dynamics in the form of time delay and embedding dimension. However, this information has often been solely used to describe the system's behavior and not for forecasting.Compared to traditional techniques, ML has better performance for forecasting MC prices, due to its capacity for finding patterns governing the system's dynamics. However, the rational nature of economic problems increases concerns regarding the use of hidden patterns for forecasting. Therefore, it is uncertain if variables selected and hidden patterns found by ML can represent the economic rationality.Despite their refined features for representing system dynamics, the separate use of either CT or ML does not provide the expected realistic accuracy. By itself, neither CT nor ML are able to identify the main variables affecting systems, recognize the relation and influence of variables though time, and discover hidden patterns governing systems evolution simultaneously. This paper discusses the necessity to adapt and combine CT and ML to obtain a more realistic representation of MC market behavior to forecast long-term price trends.

Fractal and Fractional Diffusion Equations of Price Changing of Commodity

In this paper, three types of modeling of diffusion equations for price changing of commodity are studied. In which, the partial derivatives of price of commodity respected to time on the left hand side are integer-derivative, fractal derivative, and fractional derivative respectively;while just a second order derivative respected to space is considered on the right hand side. The solutions of these diffusion equations are obtained by method of departing variables and initial boundary conditions, by translation of variables, and by translation of operators. The definitions of order of commodity x and the distance between commodity?xi and xj are defined as [1]. Examples of calculation of price of pork, beef and mutton mainly due to price raising of pork in 2007-07 to 2008-02 inChina are given with same market data as [1]. Conclusion is made.

Research on the Development of Rural Commodity Economy in the Edo Period

The rural commodity economy in the Edo period developed by leaps and bounds under the influence of institution,policy,technology and other factors. From the mid 17 th century,the specific area of cash crops gradually took shape in Japan and the largescale cultivation of cash crops greatly promoted the development of rural handicrafts,thereby creating the conditions for the initiation of the capitalist relations of production. The development of rural commodity economy not only changed the traditional mode of operation and production of Japanese farmers,but also accelerated the class differentiation,shook and disintegrated the economic foundation and class basis of Bakuhan society,and created the preconditions for the later Meiji Restoration.

The volatility of returns from commodity futures:evidence from India

Background:This paper examines the pattern of the volatility of the daily return of select commodity futures in India and explores the extent to which the select commodity futures satisfy the Samuelson hypothesis.Methods:One commodity future from each group of futures is chosen for the analysis.The select commodities are potato,gold,crude oil,and mentha oil.The data are collected from MCX India over the period 2004–2012.This study uses several econometric techniques for the analysis.The GARCH model is introduced for examining the volatility of commodity futures.One of the key contributions of the paper is the use of theβterm of the GARCH model to address the Samuelson hypothesis.Result:The Samuelson hypothesis,when tested by daily returns and using standard deviation as a crude measure of volatility,is supported for gold futures only,as per the value ofβ(the GARCH effect).The values of the rolling standard deviation,used as a measure of the trend in the volatility of daily returns,exhibits a decreasing volatility trend for potato futures and an increasing volatility trend for gold futures in all contract cycles.The result of the GARCH(1,1)model suggests the presence of persistent volatility and the prevalence of long memory for the select commodity futures,except potato futures.Conclusions:The study sheds light on significant characteristics of the daily return volatility of the commodity futures under analysis.The results suggest the existence of a developed market for the gold and crude oil futures(with volatility clustering)and show that the maturity effect is only valid for the gold futures.

Co‑movement of commodity price indexes and energy price index:a wavelet coherence approach

This research sheds light on the causal link between commodity price indexes,i.e.,the Agricultural Raw Materials Price Index,Industry Input Price Index,Metal Price Index,and Energy Price Index,in the global market,using wavelet coherence,Toda–Yamamoto causality,and gradual shift causality tests over the period 1992M1 to 2019M12.Findings from the wavelet power spectrum and partial wavelet coherence reveal that:(1)there was significant volatility in the Agricultural Raw Materials Price Index,Industry Input Price Index,Metal Price Index,and Energy Price Index between 2004 and 2014 at different frequencies;and(2)commodity price indexes significantly caused the energy price index at different time periods and frequencies.It is noteworthy that the outcomes of the Toda–Yamamoto causality and gradual-shift causality tests are in line with the results of wavelet coherence.

Do the RMB exchange rate and global commodity prices have asymmetric or symmetric effects on China’s stock prices?

With the rapid expansion of the RMB exchange rate’s floating range,the effects of the RMB exchange rate and global commodity price changes on China’s stock prices are likely to increase.This study uses both auto regressive distributed lag(ARDL)and nonlinear ARDL(NARDL)approaches to explore the symmetric and asymmetric effects of the RMB exchange rate and global commodity prices on China’s stock prices.Our findings show that without considering the critical variable of global commodity prices,there is no cointegration relationship between the RMB exchange rate and China’s stock prices,and the coefficient of the RMB exchange rate is not statistically significant.However,when we introduce global commodity prices into the NARDL model,the result shows that the RMB exchange rate has a negative effect on China’s stock prices,that there indeed exists a long-run cointegration relationship among the RMB exchange rate,global commodity prices,and stock prices in the NARDL model,and that global commodity price changes have an asymmetric effect on China’s stock prices in the long run.Specifically,China’s stock prices are more sensitive to increases than decreases in global commodity prices.Thus,increases in global commodity prices cause China’s stock prices to decline sharply.In contrast,the same magnitude of decline in global commodity prices induces a smaller increase in China’s stock prices.

Comprehensive Evaluation on the Regional Economy of Commodity Grain Base in Heilongjiang Province Based on Factor Analysis Method

Taking a total of 13 areas in Heilongjiang commodity grain base as the research objects,9 indices are selected,which are regional GDP(X1),per capita GDP(X2),total value of tertiary industry(X3),financial revenue(X4),urban fixed assets investment(X5),average salary(X6),gross industrial output value(X7),total output value of farming,forestry,husbandry and fishing(X8),and retail sales of social consumer goods(X9).Based on this,evaluation index system of regional economy is established.According to the 2006-2008 Heilongjiang Statistical Yearbook,average values within 3 years are used as analytical data.Factor Analysis Method is adopted to establish regression model and to carry out comprehensive analysis.Result shows that Heilongjiang commodity grain base has extremely uneven regional economic development in different areas.According to the score order and actual situation,the 13 areas are divided into 4 types.The first and second types are Harbin and Daqing,respectively.The third type is Qiqihaer,Suihua,Mudanjiang and Jiamusi.And the forth type is Jixi,Shuangyashan,Heihe,Yichun,Qitaihe,Hegang and Daxinganling.Suggestions for the development of these areas are put forward.

Evaluating the exchange rate and commodity price nexus in Malaysia: evidence from the threshold cointegration approach

This paper examines the long-and short-run dynamics of asymmetric adjustment between the nominal exchange rate and commodity prices,namely oil,palm oil,rubber,and natural gas prices,in Malaysia using monthly data from January 1994 to December 2017.The relationship between exchange rate and each commodity price is examined in terms of Engle-Granger and threshold cointegrations.The estimated results provide evidence of long-run threshold cointegration and show that the adjustments towards the long-run equilibrium position are asymmetric in the short run.Furthermore,this study finds evidence of a unidirectional causal relationship running from the nominal exchange rate to oil price in the long and short run using a spectral frequency domain causality application.There is also empirical evidence of bidirectional causality between the nominal exchange rate and palm oil price,rubber price,and natural gas price in the long and short run.Overall,the findings have significant implications for the current debate on the future of primary commodities in Malaysia.

Structural Upgrade of China's Commodity Trade during 1987-2014

This paper investigates the structural upgrade of China's commodity trade over the past two decades from the perspectives of commodity categories, technical value-added and quality level. Based on the analysis of commodity categories, technical value-added and quality, this paper arrives at the following findings: High technology manufactures accounted for a growing share of China's commodity export, the overall technical level of Chinese exports significantly upgraded, and most of Chinese commodities upgraded from low quality to medium-and high-quality levels. As can be seen from the structure of China's bilateral trade with its five major trading partners, China's exporting goods remained inferior to importing goods in terms of technology and quality despite their quality upgrades.

Commodity Market and Financial Derivative Instruments: Is There a Cointegration?

Over the past decade, agricultural commodity prices underwent wild swings, Periods of high growth in 2008 were followed by periods of sudden decrease in 2009, The excessive increase in food price volatility is a subject of great interest because it has to do with the survival of mankind, Recent academic studies and policy makers have reached sharply different conclusions about the dynamics of such fluctuations, Also, some of them have indicated the main cause in speculative transactions and in the little regulation of futures markets, This paper intends to verify if there exists a co-implication between wheat futures price and some financial “speculative” variables, The results of cointegration analysis show that there is no evidence that financial derivative instruments determine the fluctuations of wheat futures price.

Chinese Commodity Website Launches Logistics Integration Project

Yiwubuy,the website of the world’s biggest small commodity market,has launched a logistics integration project,general manager Wang Jianjun announced on October 21 in Yiwu City in east China’s Zhejiang Province.The project,named Logistics Through Train,aims to integrate logistics information resource and build a logistics platform at the Yiwu market so as to provide professional logistics

The Dandy on the City Stage： Social Roles, Social Spaces and Commodity Consumption

Dandyism is a very important and significant social phenomenon in 19th century Europe, and also a means of aesthetic revolt in an urban environment. The paper focuses on how Charles Baudelaire presents his dandy＇s rebellion, based on aestheticism, on the city stage. Only the city produces dandies and dandies cannot breathe without the city. On ＂stage＂, Baudelaire played different dandy roles, such as the flameur, the ragpicker, and man of letters. Walking the streets, the dandy is a member of the crowd but also isolated from it; his main duty is to observe the city and mass silently, and seek the flowers of evil.

China's Commodity Inspection——Climbing Another Step

In order to promote the development of foreign trade, prevent unqualified commodities from flowing out of China and poor quality commodities from import, China’s departments of commodity inspection have strengthened their inspection, checking supervision and management of the quality of import and export commodities. According to statistics from the State

Dynamics of price cooperating model in commodity market

For the problem of price fluctuation in the commodity market, some ordinary differential equation models are proposed and the stability of equilibrium price is studied. In this paper, we develop a mathematic model for price cooperation with diffusion and lag. When the economic parameters satisfy some conditions, the existence and stability of periodic price are investigated.