(1) mode of delivery

1. "Centralized delivery": that is, after the last trading day of the delivery month, all expired contracts are delivered at one time.

2. "Decentralized" delivery: that is, in addition to all due contracts delivered in pairs after the last trading day of the delivery month, delivery can also be made at a specified time between the first trading day and the last trading day of the delivery month.

(2) Settlement price of delivery

The settlement price of futures contracts in China is usually the settlement price on the date of contract delivery or the settlement price on the last trading day of futures contracts. The pricing of delivery goods is based on the delivery settlement price, plus the premium of different grades of goods quality and the premium of different delivery warehouses and benchmark delivery warehouses.