Mutual influence! Spot prices can affect futures contracts in recent months to a greater extent, because the market of any product is affected by the relationship between supply and demand, and high spot prices will inevitably affect the rise of short-term futures contracts; However, futures are often the reaction of market information and the future expectations of market participants for this product. When the market information is sufficient, everyone's expectations of the price will tend to be consistent, and the contract price will naturally form. The farther the contract is, the more it can reflect a rational prediction. When there is no unexpected situation in the market, that is, there is no new information about futures prices. Then the spot price will follow the expected price (futures price) ... so it depends on the specific situation, such as the supply and demand of basic products and the development of the market.