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What's the difference between spot asphalt and futures asphalt?
Both spot asphalt and futures asphalt are electronic financial investment products with two-way margin trading system.

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.