The difference between the two:
1, the spot asphalt has a physical counterpart, and the physical asphalt can be delivered when necessary;
Whether the futures asphalt treatment contract has no physical counterpart.
2. Spot asphalt has no maximum time limit for holding positions;
Futures asphalt has a delivery period.
3. Spot asphalt is a market trading system;
Futures asphalt is a matchmaking trading system (bidding trading).
4. Spot asphalt can be traded continuously for nearly 24 hours all day (the settlement time is closed);
Futures asphalt is divided into early trading (9:00- 1 1:30), midday trading (13: 30- 15: 00) and late trading (2 1:00- 65438+ the next day).
5. There is no limit on the spot asphalt price;
There are restrictions on the rise and fall of futures asphalt.
6. Spot asphalt handling fee consists of three parts (transaction fee, price difference and warehouse interest); Futures asphalt has no spread and interest rate.