The first trading, with Ribbed Smoked Rubber Sheet no.
Ribbed smoked rubber sheet is produced in Thai rubber production more than other kinds of rubber.
In order to investigate whether futures trading on AFET helps discover the expected spot price in the future or not, this paper employs the spot and futures price of ribbed smoked rubber sheet no.
Pinjisakikool (2009) studied the relationship between spot and futures prices of ribbed smoked rubber sheet no.
The purpose of this paper is to investigate the relationship between the spot and futures price of Ribbed Smoked Rubber Sheet traded in Thailand.
Data on the futures prices of Ribbed Smoked Rubber Sheet are taken from the website of Agricultural Futures Exchange of Thailand while Spot prices of Ribbed Smoked Rubber Sheet are reported by the Thai Rubber Association and compiled by CEIC Database.
T] stands for the spot price of ribbed smoked rubber sheet on the last business day of delivery month T
Unlike the stocks listed on Stock Exchange of Thailand where trading prices are reported publicly and instantaneously, the prices of Ribbed Smoked Rubber Sheet are through the auction at the main rubber market i.