You can choose delivery after you open a position, and you don't need hedging. The only requirement is that you must be a legal person.

Here you choose delivery has the following advantages:

1. Convenient.

2. The requirement of delivery quantity, such as 300 tons of steel as a delivery unit, may not be consistent with the quantity you need.

3. Delivery has quality requirements. For example, steel products can only be delivered by pre-registered brands. Maybe you don't know.

4. There are still random problems with delivery, which may not be what you need (of course, you need to fill in the delivery form before, but the delivery of long and short positions is not necessarily equal, and the people in the exchange or delivery warehouse need to match)

Although there are requirements for quality and quantity, the quality is not very good, and there is no satisfaction after delivery.

6. We know that the result of hedging has nothing to do with the market trend, so there must be gains and losses in both markets. After delivery, you can go to the spot market to find what you want. Futures market is a risk control tool, not a physical trading market, it is only used to control risks for our enterprises.

There are about this many. There must be other reasons. I can't remember them at the moment. If you have any questions, you can contact me. . .