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How much does the futures price expire at most than the spot bottom?
Low 1000. According to the inquiry of V Policy Finance Network, the futures price is at most lower than the spot price due 1000. There is bound to be a difference between the futures price and the spot price. Considering transportation, taxation, warehousing and other costs, the difference between the futures price and the spot price is called basis, which can be used for basis trading between the upstream and downstream of the industrial chain.