Futures price trading case, price trading case, futures market locking price and price trading. Some people may associate pricing power with the trading behavior or mode of market participants. For example, when a warehouse sells its inventory and futures spot price in the futures market, especially when the price it sells in the futures market still has profits, it is called price locking or profit locking; Or it is related to the "spot price" of the futures market, and it is taken for granted that the spot price is pricing and the pricing power of the futures market.

Warehouse holders with inventory sell in the futures market, locking in prices and sometimes profits. Under special circumstances, if there is no profit, the warehouse must also be sold, because hedging transactions will reduce losses when the market plummets. This kind of selling behavior is actually to avoid risks. If the spot price of futures is finally closed from the futures market, it is a typical hedging. The price the warehouse sells in the futures market may not be his expected price at all, but from the perspective of risk prevention, he must sell at the current price. If the price of any transaction in the futures market is called pricing, then the transaction price after bargaining with vendors in the free market can also be called pricing. Does the spot price of futures also have pricing power in a free market?

The so-called spot price transaction refers to the transaction in which the buyer and the seller agree on the spot price of futures at a certain time in the future, and the two sides take the closing price of related varieties in a futures market plus the agreed basis and spot price of futures as the transaction price to complete the spot transfer.