How much is the peanut futures 9000 converted into spot?

Peanut futures 9000 is equivalent to 4.5 yuan/kg.

The price of peanuts is RMB/ton. When the futures price is 9000, it means that the price of peanuts is 9000 RMB/ton.

And1t =1000kg =1000kg = 2000kg, then the corresponding spot price is: 9000/2000=4.5 yuan /kg.

Futures price refers to the price of the subject matter of futures contracts formed through open bidding in the futures market. Futures price refers to the price at which the buyer and the seller agree to implement delivery on a certain date after the transaction is established. Futures trading is a kind of forward delivery (three months, six months, one year, etc.). ) according to the time, place and quantity specified in the contract. Its biggest feature is that trading and delivery are not synchronized, and delivery is carried out after a certain period of trading.

The birth of futures trading was marked by the establishment of 1898 Chicago Cream and Egg Chamber of Commerce. At that time, the commodities traded in futures were basically agricultural products. Later, the Chamber of Commerce was renamed the Chicago Mercantile Exchange, and more and more commodities were traded in futures. Some financial products such as stocks, bonds and foreign exchange have also joined the ranks of futures trading. When the price tends to rise, the futures price is higher than the spot price; When the price falls, the futures price is lower than the spot price. In general, because futures have to bear more storage fees, insurance premiums and interest, their prices are generally higher than the spot prices.