[Variations in PM2.5 Composition and Sources During 2020-2021 COVID-19 Epidemic Periods in Nanjing].

To understand the changes in chemical composition and sources of PM2.5 under the extreme reduction background during the COVID-19 epidemic periods in Nanjing, hourly observation results of PM2.5 components (water-soluble inorganic ions, carbonaceous components, and inorganic elements) of two epidemic events from January to March 2020 and June to August 2021 were analyzed. In comparison to that during pre-epidemic periods, the concentration of NO3- during the two epidemic control periods decreased by 52.9% and 43.0%, respectively, which was larger than the decreases in NH4+(46.4% and 31.6%) and SO42-(33.8% and 16.5%). Since the observation site was located close to a main road, the decrease in elemental carbon (EC, 35.4% and 20.6%) was higher than that in organic carbon (OC, 11.1% and 16.2%). In reference to the variations in the characteristic ratios of the bulk components mentioned above, the epidemic control showed a more substantial influence on traffic emissions than industrial activities. The concentration time series of PM2.5 major components over the epidemic periods indicated that NOx from local traffic emissions had substantial contributions to the formation of NO3-, which led to local short-term PM2.5 pollution. In addition, the positive matrix factorization (PMF) model was used to analyze the hourly observation data of PM2.5 components. The seven identified factors were linked with metallurgy, firework and firecracker combustions, road traffic emissions, coal combustion, dust resuspension, secondary sulfate, and secondary nitrate. Because the nitrate was unstable under high temperature, the contribution of secondary nitrate to PM2.5 during the epidemic control period of 2021 (summer, 21.2%) was much lower than that during the epidemic control period of 2020 (winter, 60.6%); however, the formation of secondary components always dominated the contribution of PM2.5 sources. Therefore, emissions of NOx and SO2 should be further controlled to continuously reduce ambient PM2.5 concentrations in Chinese cities.

The impacts of infectious disease pandemic on China’s edible vegetable oil futures markets: A long-term perspective

For the extremely important role of China in global edible vegetable oil market and its decisive measures in the epidemic controlling and stable economic recovery during the COVID-19 pandemic, the aim of this article is to inspect the quantitative impacts of infectious disease pandemic on the returns, volatilities and correlations of China's edible vegetable oil futures markets by using a DCC-MVGARCH-X model incorporating Baidu searching index as the proxy of pandemic severity. Our empirical results show that infectious disease pandemic does have significantly positive impacts on the returns and volatilities of China's soybean, canola and palm oil futures markets. Second, there are significant volatility spillover effects among the three vegetable oils, suggesting strong contagion effect from one oil market to the others. Third, soybean oil and palm oil show the largest correlation, while the dependence between canola oil and palm oil is the smallest one among the three pairwise correlations. Moreover, no matter to consider epidemic situation in China or in global environment, infectious disease pandemic has significant effects on these correlations.

The Impacts of the Infectious Disease Epidemic on the Permanent Volatility of Precious Metal and Crude Oil Futures Markets: A Long-Term Perspective

The aim of this paper is to identify the quantitative impacts of the infectious disease pandemic on the permanent volatility of precious metal and crude oil futures from a long-term perspective by using a recently constructed Infectious Disease Equity Market Volatility Tracker (ID-EMV) to capture the epidemic severity and with a novel mixed data sampling GARCH (GARCH-MIDAS) method. Different from the extant literature only focusing on the short-term influences of the COVID-19 epidemic on commodity futures market, this paper shows that the infectious disease pandemic does have significant and positive impacts on the permanent (long-term) volatilities of precious metal and crude oil futures markets lasting for at least up to 12 months. In addition, these specific impacts on crude oil futures are greater than those on precious metal futures. Finally, we find that the infectious disease epidemic has larger impacts on gold (WTI oil) futures than those on silver (Brent oil) futures. All these findings are robust after controlling the negative influences of lagged long-run realized volatility in commodity futures markets. [ABSTRACT FROM AUTHOR] Copyright of Discrete Dynamics in Nature & Society is the property of Hindawi Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)