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What is the futures premium?
Futures premium generally means that under the normal supply and demand relationship, the spot price is relatively lower than the futures price, and the recent contract price is lower than the forward contract price. Because the basis relationship between the near low and the far high of the contract reflects the normal position fee, it is also called positive market.

Futures premium, that is, transaction extension fee and interest on extension date. The term futures premium is used by traders to describe a special market state. When the futures contract of a commodity is more expensive than the latest contract, it is called Contango (futures premium).

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