Energy price bubbles and extreme price movements: Evidence from China's coal market

Wang, Tiantian; Wu, Fei; Dickinson, David; Zhao, Wanli

doi:10.1016/j.eneco.2023.107253

Cited by 11 publications

(3 citation statements)

References 62 publications

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“…Technical analysis is precious in energy and financial markets due to their unique characteristics. These markets are impacted by a variety of factors, such as geopolitical shifts [32], supply and demand dynamics [33], and weather patterns [34], all of which can result in substantial price fluctuations [35][36][37]. This level of volatility makes it challenging to predict future price movements using only fundamental analysis since technical analysis may help investors make better decisions by analyzing price movements [38,39].…”

Section: Theoretical Foundations Of Technical Analysismentioning

confidence: 99%

Navigating Energy and Financial Markets: A Review of Technical Analysis Used and Further Investigation from Various Perspectives

2024

Energies

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This review paper thoroughly examines the role of technical analysis in energy and financial markets with a primary focus on its application, effectiveness, and comparative analysis with fundamental analysis. The discussion encompasses fundamental principles, investment strategies, and emerging trends in technical analysis, underscoring their critical relevance for traders, investors, and analysts operating within these markets. Through the analysis of historical price data, technical analysis serves as a crucial tool for recognizing market trends, determining trade timing, and managing risk effectively. Given the complex nature of energy and financial markets, where many factors influence prices, the significance of technical analysis is particularly pronounced. This review aims to provide practical insights and serve as a roadmap for future research in the realm of technical analysis within energy and financial markets. This review contributes to the ongoing discourse and advancement of knowledge in this crucial field by synthesizing existing perspectives and proposing avenues for further exploration.

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Section: Theoretical Foundations Of Technical Analysismentioning

confidence: 99%

Navigating Energy and Financial Markets: A Review of Technical Analysis Used and Further Investigation from Various Perspectives

2024

Energies

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“…Similarly, the "Electricity and heat production and supply" sector was divided into "Thermal power" and "Other power" sectors using data from the China Energy Statistics Yearbook (2021) and the 2012 Power Balance Sheet within the same yearbook. The industrial sectors included in the micro SAM table are: agriculture (01), other mining (02), food (03), textile (04), wood and paper (05), chemical industry (06), non-metallic mining (07), metal smelting (08), machinery and equipment (09), communications and instrumentation (10), construction (11), transportation and postal services (12), services (13), coal and washing (14), coal and oil (15), coking (16), petroleum extraction (17), petroleum processing (18), natural gas extraction (19), gas production (20), thermal power (21), and clean energy (21).…”

Section: Data Availability Statementmentioning

confidence: 99%

“…In reality, different types of energy exhibit heterogeneity in the production process and substitution relationships during usage. These factors influence the mechanisms through which energy price fluctuations impact the energy-environment-economy system [10]. Furthermore, existing literature does not adequately differentiate between various energy sectors, making it challenging to simulate the impact of different energy price changes on the national economy, particularly considering China's unique circumstances.…”

Section: Introductionmentioning

confidence: 99%

Marketization of Energy Resources in China: An Environmental CGE Analysis

Yang,

Gao

2024

Sustainability

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This study aims to examine the effects of energy price fluctuations on China’s energy-environment-economy system under different scenarios. To achieve this, a computable general equilibrium model is constructed using the 2020 macroeconomic SAM table and microeconomic SAM tables that encompass 8 energy sectors and 13 intermediate sectors. The model is utilized to analyze the impacts of various policies on variables within the energy-environment-economy system. The findings indicate that an increase in energy prices will lead to a contraction effect on multiple industrial sectors and the overall macroeconomy. Higher energy prices result in elevated prices, reduced output, decreased investment, and decreased consumer spending across most industrial sectors, negatively affecting the macroeconomy. However, government regulation of secondary energy prices can mitigate the influence of primary energy prices on the national economy. Such regulation hinders the transmission of primary energy price fluctuations to downstream industrial chains, thereby alleviating its impact on different sectors and the macroeconomy to varying extents. In order to mitigate the adverse effects of energy price fluctuations, it is crucial to reduce energy consumption while promoting economic growth and enhancing resident welfare. This paper presents relevant measures and suggestions to address these challenges.

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Numerical simulation analysis of effect of borehole gas extraction under fluid‐structure interaction

Wang,

Yang,

Chen

et al. 2024

Energy Science & Engineering

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To study the effect of coal pressure on gas extraction under fluid‐solid coupling, the effect of gas extraction radius under different pore sizes and treatment methods was simulated by using COMSOL Multiphysics software, the time evolution law of gas pressure on coal surface was obtained, and the numerical simulation results were verified by the observation of flow rate and concentration in experimental mine combined with fluid‐solid interaction. The results show that the distance of extraction radius increases with the increase of borehole diameter, and the relation between extraction time and extraction radius is a power function, but the increase gets smaller and smaller until it becomes zero. For Φ98 mm borehole and Φ120 mm borehole, hydraulic treatment can increase the efficiency of gas extraction by 31.3% and 22.7%, respectively. For hydraulic treatment and conventional treatment, the ratio of gas drainage effect by enlarging hole size is 6.3% and 13.8% respectively. Compared with the areas without gas extraction under the four conditions, the descending speed of gas pressure from fast to slow is Φ120 mm hydraulic flushing treatment, Φ98 mm hydraulic flushing treatment, Φ120 mm conventional treatment, Φ98 mm conventional treatment. Compared with four different conditions, after 180 days of extraction the coal gas pressure decreased by 75.3% within reasonable hole spacing. At the same time, in multi‐hole pumping, the influence area of adjacent borehole is larger than that of single‐hole pumping, and the spacing of borehole should be less than twice the radius of pumping.

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Energy price bubbles and extreme price movements: Evidence from China's coal market

Cited by 11 publications

References 62 publications

Navigating Energy and Financial Markets: A Review of Technical Analysis Used and Further Investigation from Various Perspectives

Navigating Energy and Financial Markets: A Review of Technical Analysis Used and Further Investigation from Various Perspectives

Marketization of Energy Resources in China: An Environmental CGE Analysis

Numerical simulation analysis of effect of borehole gas extraction under fluid‐structure interaction

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