1. First of all, Company A did not suffer any losses. Because Company A earned 6000-2000=4000 yuan in futures, its spot loss is also 4000 yuan, which just makes up for it and is also compensation 1200 yuan.

2. The Exchange will punish the delivery breach. First of all, it is usually a fine of 20-30% of the delivery price.

Secondly, if the buyer defaults, the exchange will auction the seller's goods in the spot market. If the auction price is lower than the delivery price, the difference will be borne by the defaulting buyer.

If the seller breaches the contract, the exchange should also find the goods that meet the target in the spot market and deliver them to the buyer. If the purchase price is higher than the delivery price, the difference will also be borne by the defaulting seller.

3. Therefore, whether the buyer or the seller breaches the contract at the time of delivery, it will not cause additional losses to the other party, which is the key point to have sufficient performance guarantee in futures trading.

4. add a point: what you said is absolutely impossible. It is possible for one party to default at the time of delivery, but the other party will never lose. Because for the buyer, the futures exchange is the seller; For sellers, the exchange is the buyer. How can there be a loss unless the exchange goes bankrupt?

Moreover, the deposit began to increase gradually on the first day after delivery, and it has increased to 50% before the final delivery. Do you think the difference between spot price and futures delivery price can be greater than 50%?

Moreover, if it is the default rate of the trader, the futures company that opens the account is responsible for compensation, and all the basic deposits of the futures company cannot be used (cannot be used for trading). If a self-operated member defaults, there is also a basic deposit in the account of the exchange!