The two most important functions of the futures market are

Avoiding risks and finding prices

This involves hedging.

The two economic principles are

The futures price is consistent with the spot price.

Futures prices and spot prices followed closely.

The expiration date of the contract is coming, and it tends to be consistent.

Therefore, there are also cases where the forward futures price is higher than the recent futures price.

When the futures contract approaches the delivery date, the determinants of the two prices are almost the same.

So the spot price went up.

Futures prices must have gone up, too.

Shanghai Stock Exchange deals in natural rubber and synthetic rubber in industry, and there is a substitution relationship between them.

Look at the market

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