Futures and spot prices of mining machinery

1. The price fluctuates every day and has been more than 50000 recently. Recently, the price of mining machinery has not been fully raised. The spot and futures prices are not the same. In recent days, the price of mining machinery is rising, about 6000 or 7000. Welcome to discuss x920105

2. Spot goods refer to physical goods that can be used for shipment, storage and manufacturing. In the spot transaction, the current is the one hand payment and one hand delivery. Futures are totally different from spot. Futures are mainly not goods, but standardized tradable contracts based on certain popular procts such as cotton, soybeans, oil, and financial assets such as stocks and bonds. The day of futures settlement can be a week later, a month later, three months later, or even a year later
the difference between the two:
the attributes are different. Spot goods are actual goods and futures goods are nonexistent goods
different transactions: spot transactions include agricultural procts, traditional Chinese medicine, metals and other basic procts; Futures trading tends to use instrial materials, but also financial assets
the margin ratio is different: the spot market margin is usually about 20%; The margin ratio of futures market is about 5% - 10%
different trading bases: the minimum unit of spot electronic trading market is batch, and each batch of contract represents several thousand to several hundred kilograms of goods; The smallest unit in the futures market is the hand. Generally, each hand represents 10 tons or more of goods
different purposes: the purpose of spot trading is to transfer the ownership of goods, while futures is not. Some people want to speculate and profit, while others want to avoid price risk
by the way, what they have in common. 1: It's all commodity trading, it's all rotation of money. 2. They will bear certain transaction risks. All of them have buyers and buyers, which can maximize the benefits.

3. Theoretically, the quantitative relationship between futures price and spot price should be expressed as: futures price = spot price + holding cost. Among them, the holding cost refers to the storage fee, interest and other expenses paid by the manufacturer to hold a certain commodity under normal supply and demand conditions
futures price refers to the price of futures contract formed through open bidding in futures market. The relationship between futures price and spot price is mainly used to reflect the relationship of physical ownership
the relationship between the futures price and the spot price is corresponding. The spot price refers to the specific transaction price of the commodity reached by the two parties of the actual goods according to the principle of fairness

futures price and spot price are both related and different. The relationship between them is that they are both affected by the supply and demand factors of the same commodity. When the delivery month comes, the two prices are essentially the same. But there are some differences between futures price and spot price:
one is the difference of time factor. Spot price generally refers to spot price, while futures price refers to forward price, which not only reflects the current supply and demand situation, but also reflects the future supply and demand situation
the second is the difference of standardization. Spot price is a specific price, while futures price is a standardized price, specific to specifications and varieties, as well as quality premium and discount. The delivery month price of futures is still the standard price, or the standard spot price< The third is the difference between the benchmark price and the final price. Because futures price is proced through centralized trading and fair competition, it is regarded as a benchmark price of international trade, neither wholesale price nor retail price, and the spot price on the delivery date is also the benchmark price
because of this characteristic of futures price, futures market has the function of price formation.

4. 1、 Spot price is the basis of futures price
under the condition of market economy, the price of commodities in the spot market often changes and the price risk is high, so commodity procers and operators will have the desire to transfer the price risk through hedging. If other conditions are available, the futures market of the commodity will be formed, and then the futures price of the commodity will be generated. It can be seen that there is spot price first, and then there is futures price. Therefore, futures price is a higher price form. In addition, although futures trading is mainly contract trading, it is always based on physical delivery. Therefore, the spot price of commodities determines the futures price of commodities
Second, the formation and change of futures price has a significant impact on the spot price
first, futures price is an important factor in the formation of spot price. After the formation of the futures market, because the futures price has the characteristics of authenticity, competitiveness and predictability, the futures price has become the authoritative price of this kind of commodity in the world. When the procers of goods conct proction and trade activities, they take the price as a reference price or benchmark price of goods. Secondly, the fluctuation range and direction of futures price will affect the fluctuation of spot price. When other conditions remain unchanged, the change of futures price to the positive direction will cause the spot price to rise to a certain extent, which will lead to the increase of spot commodity supply; On the contrary, the spot price will decrease and the spot supply will decrease accordingly< Third, the hedger is the bridge and medium of interaction between the spot market and the futures market. The futures price formed by futures trading training in this case, especially the commodity futures price, rarely reflects the actual supply and demand situation of spot commodities. Therefore, it is not the real price of commodities "discovered" in the futures market, but the result of mutual confrontation between futures speculators. At present, a considerable part of the price in China's futures market belongs to this situation< There are two ways of interaction between the spot price and the futures price: one is that the hedger transmits the effect directly; the other is that the hedger transmits the effect directly; The other is indirect transmission through futures speculators. Futures trading training, however, plays a decisive role in the futures price by the latter way, while it plays an important role in the spot price by the former way, which is determined by the dominant position of hedgers in the spot market and futures speculators in the futures market
both the futures price and the spot price change are triggered by certain factors, so when trading in the market, we should observe whether there are some new news in the market, whether it will cause the price change and other factors.

5. The differences between futures price and spot price are mainly standardization, benchmark price and final price, and time factor. The relationship between the futures price and the spot price is corresponding. The spot price refers to the specific transaction price of the commodity reached by the two sides of the actual goods according to the principle of fairness
according to the futures account opening and market analysis of Hengrui fortune.com, the futures price and the spot price have both connections and differences. The connection between the two lies in that they are both affected by the supply and demand factors of the same kind of commodity. When it comes to the delivery month, the combination of the two is essentially the same price

6. The futures price fluctuates around the spot price. The trend of futures price and spot price is basically the same, but not exactly the same.

7. Spot price reflects the relationship between supply and demand of procts, while futures does not. Futures price is the result of gambling between buyers and sellers on future prices. The trading volume of futures shows not the trading demand of commodities, but the popularity of participating in the future prediction of commodities. The more popularity, the more people participate in the prediction, To a certain extent, the price forecast will be more accurate, which has nothing to do with the supply and demand of goods. For example, the futures price is the weather forecast, the spot price is the real-time temperature, and the futures price is the predicted value. In principle, it should not matter before the factors that affect the price change appear. However, because of the fluctuation of the futures price, the spot traders will hoard when they meet the price rise, and they will sell when they meet the price fall, So now the spot price is basically linked with the futures, there is a positive correlation, although the factors that really affect the spot price have not yet appeared
the futures price is equal to the spot price, that is to say, the expectation is consistent with the reality

8. Spot price is guided by futures price. The two main functions of futures market are risk aversion and price discovery. The two economic principles are that futures price and spot price tend to be consistent with the coming of contract maturity
therefore, the forward futures price is higher than the short-term futures price
when the futures contract approaches the delivery date, the determinants of the two prices are almost the same
so the spot price has gone up
and the futures price will certainly go up
natural rubber is traded on the Shanghai Stock Exchange, and synthetic rubber is also traded in the instry. There is a substitution relationship between the two www.nanhua.net Just download master Boyi