1, the relationship between supply and demand

It is the product of market economy, and its price change is influenced by the relationship between market supply and demand. When supply exceeds demand, futures prices fall; On the contrary, futures prices will rise.

2. Economic cycle

In the futures market, price changes are also affected by the economic cycle. At every stage of the economic cycle, there will be price fluctuations.

3. Government policies

Relevant policies formulated by various governments often have different degrees of influence on commodity prices in the futures market.

4. Social factors

Social factors here mainly refer to the influence of investors' thoughts, psychological drive, media propaganda and other news.

5. Seasonal coefficient

There are many futures commodities, especially those with obvious seasonality. Prices will naturally change with the seasons.

6. Psychological factors

It is also important for investors to have confidence in the market. If you are optimistic about a commodity, even if there are no favorable factors, the price of this commodity will still rise; When you are relatively bearish, there is no profit and loss news, and the price will also fall.

7, large-scale manipulation

Although the futures market is a completely competitive market, some large companies with strong financial strength will participate in manipulating futures prices, which will eventually lead to speculative fluctuations in commodity prices.