I. Pig futures market
10 6 19, the main contract for live pigs in the futures market 220 1 rose again by 3.67% to close at 16375 yuan/ton, a record high since September 2. At the same time, 33 pig breeding concept stocks in the A-share market also rose across the board. Among them, six stocks including Xinwufeng, Tiankang Bio, Shuanghui Development and Zhengbang Technology closed at the daily limit. At present, pig concept stocks are linked and rising across the board, mainly due to the strong support of the spot market. Since March this year, the spot price of live pigs has plummeted until mid-September. After the National Day holiday, the spot price of live pigs rebounded strongly. On the one hand, the pattern of supply and demand has improved. On the other hand, it was boosted by consumption expectations in the fourth quarter.
Second, what is premium spot?
Spot premium means that the spot price is higher than the futures price, which is a reverse market and an underpricing market. That is, the spot price rises to the futures price, and the recent month contract rises to the far month contract. For general commodities, it is not uncommon for spot premium to be upside down, which is often affected by the continuous decline of inventory. The "spot premium" in the gold market is extremely rare. Unlike other commodities, gold is not consumed, but stored by people. Considering the storage cost and opportunity cost, there is always a premium between futures price and spot price, and between far-month contract and near-month contract.
To sum up, the futures market is a very risky market. Like the stock market, you may lose a lot of money after an investment failure, so you must invest carefully. Stop the risk in time after it is discovered to prevent more serious economic losses.