Asphalt, PTA, PP, PVC, EG, low sulfur fuel oil, rubber, polyethylene, polypropylene, etc. These are highly correlated varieties.
Commodity futures refer to futures contracts with physical goods as the subject matter. Commodity futures have a long history and a wide variety, mainly including agricultural and sideline products, metal products and energy products. It is a standardized agreement about the buyers and sellers buying and selling a certain number of physical goods on an agreed date in the future at the price agreed at the time of signing the contract. Commodity futures trading is a standardized contract trading method for buying and selling specific commodities on futures exchanges.
What are the characteristics of investment?
(1) leverage mechanism, small and wide. When investing in commodity futures, you can control 100% of the virtual capital only by paying 5% ~ 20% of the performance bond.
(2) transaction convenience. Because the main factors such as commodity quality and delivery place in futures contracts have been standardized, the interchangeability and liquidity of contracts are high.
(3) The information is open and the transaction efficiency is high. Futures trading enables traders to compete fairly under equal conditions through open bidding. At the same time, futures trading has a fixed place, procedures and rules, and it operates efficiently.
(4) Futures trading can be operated in two directions, which is simple and flexible. After paying the deposit, you can buy and sell futures contracts, and you only need a few instructions to reach a transaction in a few seconds or minutes.
(5) The performance of the contract is guaranteed. After the futures transaction is completed, it must be confirmed by the settlement department, and there is no need to worry about the performance of the transaction.
Seller's delivery process:
Seller's delivery process: delivery forecast-goods warehousing (delivery warehouse acceptance)-delivery warehouse or designated quality inspection organization inspection-delivery warehouse issues standard warehouse receipt registration application form-exchange registers standard warehouse receipt-exchange delivers warehouse receipt-participates in delivery, obtains payment and issues VAT invoice.
If it is registered in the standard warehouse receipt of the factory warehouse, the delivery process starts from the "Application Form for Registration of Standard Warehouse Receipt Issued by the Delivery Warehouse" in the above process.
The seller must complete the registration of the standard warehouse receipt before the closing of the market on the last delivery day and hand it over to the exchange, otherwise it will be judged as a breach of contract. In rolling delivery, the seller gets 80% of the payment after settlement on the delivery date, and the balance is settled after submitting the special VAT invoice. For one-time delivery, the seller will get 80% of the payment after settlement on the last delivery date, and the balance will be settled after submitting the special VAT invoice.
Delivery process of the buyer:
The buyer's basic delivery process: payment for delivery-receipt of proof of holding standard warehouse receipt-cancellation of standard warehouse receipt, receipt of delivery notice-handling delivery formalities at delivery warehouse with delivery notice-delivery of goods.
In rolling delivery, the buyer must transfer all the payment to the exchange account before settlement on the delivery date. In the case of one-time delivery, the buyer must transfer all the money to the exchange account before the final delivery date.
In rolling delivery, the customer receives the standard warehouse receipt after settlement on the delivery date. For one-time delivery, the customer will receive the standard warehouse receipt after settlement on the last delivery day.