The fluctuating price of futures is the delivery price, that is, the future price, while the spot market is the current price; By the time of delivery, futures prices and spot prices will tend to be consistent, and the futures market has the function of finding prices and predicting prices.

Now the market is affected by futures prices, showing great volatility. Under normal circumstances, futures will rise on the day of delivery, and the spot price of steel in the market will rise on the same day, with a large increase. The transaction price is the same as the futures price.