The settlement price is the benchmark price of the trading margin and profit and loss settlement of the open contract on the same day after the end of the transaction.

Provisions of Zhengzhou Commodity Exchange, Dalian Commodity Exchange and Shanghai Futures Exchange. The settlement price of the day takes the weighted average price of the transaction price of a futures contract on the day according to the volume; If there is no transaction price on that day, the settlement price of the previous trading day shall be the settlement price of that day. According to China Financial Futures Exchange, the settlement price of the day refers to the weighted average price of the transaction price in the last hour of a futures contract according to the volume. The settlement price is calculated according to the arithmetic average price of the last two hours of the settlement date.