As a futures variety, asphalt has been paid close attention to by everyone since it entered the field of vision of futures investors. Asphalt is listed and traded on the Shanghai Futures Exchange with the trading code BU. The minimum price change is per ton of 2 yuan, and the trading unit is first-class asphalt 10 ton.
1. How much is asphalt futures?
The trading unit of asphalt is per lot 10 ton, and the margin rate is 9%. Assuming that the latest price of asphalt 1906 futures contract is 3580 yuan/ton, according to the formula: futures margin = transaction price * transaction unit * margin rate, then it takes 3200 yuan to make first-hand asphalt futures.
The trading unit of asphalt is 10 ton per lot, and the handling fee rate is 1 10000. Assuming that the latest price of asphalt 1906 is 3580 yuan/ton, the calculation formula is: asphalt futures commission = lots * transaction price * transaction unit * commission rate (contract multiplier). Then the handling fee of the first-hand asphalt is calculated to be 1 hand * 3580 yuan/ton *1ton * 1 =3.58 yuan, which means that the closing of the asphalt on that day was 1906 contract, which is currently three ten thousandths of the transaction amount, that is, the handling fee of the first-hand asphalt was opened.
2. How big is the fluctuation of a point of asphalt futures?
Each lot of asphalt futures is 10 ton, and one lot is ten tons, but asphalt is the minimum fluctuation point, so one point of asphalt futures fluctuation is 20 yuan (the minimum fluctuation point is 2 yuan).