The impact of the US stock market meltdown on the China futures market is that the commodity prices in China are higher. According to relevant data, the melting of US stocks affects import and export, and the goods exported from China to the United States become more expensive, which is not conducive to export. As a financial derivative, futures are mainly used to hedge the risks brought by the spot market. Futures is a standardized contract developed from forward contract, which is a contract with others to buy forward goods, so as to achieve the purpose of hedging.