Fluctuation of futures market: the change of funds at a point of profit and loss (1 TICK) = trading unit (quantity in first hand) × minimum change price.
take for example
Stainless steel futures contract 1 lot minimum fund change (1 tick) =5 tons/lot ×5 yuan/ton =25 yuan.
Stainless steel futures trading unit: 5 tons/lot
Minimum change price of stainless steel futures: 5 yuan/ton.
Shanghai Futures Exchange Stainless Steel Futures Contract (Revised Edition)
Note: It was revised according to Announcement [2020] 134 issued by Shanghai Futures Exchange on August 8, 2020.
Let's look at a few more examples.
Iron ore futures contract (1)
Iron ore trading unit: 100 ton/hand.
Minimum price change of iron ore futures: 0.5 yuan/ton.
The profit and loss of an iron ore futures contract fluctuation point is100t/lot ×0.5 yuan/ton =50 yuan.
Glass futures contract
Glass trading unit: 20 tons/batch
Minimum price change of glass futures: 1 yuan/ton.
The profit and loss of a point where the glass futures contract fluctuates is 20 tons/lot × 1 yuan/ton =20 yuan.
Shanghai and Shenzhen 300 Stock Index Futures Contract (IF)
Shanghai and Shenzhen 300 Stock Index Trading Unit: 300 yuan/Point
Minimum price change of Shanghai and Shenzhen 300 stock index futures: 0.2 yuan/point.
The gain and loss of a point in the fluctuation of Shanghai and Shenzhen 300 stock index futures is 300 yuan/point ×0.2 yuan/point =60 yuan.