Asphalt is a dark brown complex mixture, which consists of hydrocarbons with different molecular weights and their nonmetallic derivatives. It is a waterproof, moisture-proof and anticorrosive organic cementing material, which is mainly used in transportation, construction, agriculture, water conservancy engineering, industry, civil and other fields.
Asphalt futures is a kind of futures with asphalt as the subject matter. Currently listed on Shanghai Futures Exchange, trading code BU.
Standard contract for asphalt futures in the previous period
Second, the asphalt futures trading rules:
1. The minimum trading unit of asphalt futures is one hand and the other hand is 10 ton. If you buy 10 asphalt futures contract, it is equivalent to buying 100 tons of asphalt.
2. The minimum change price of asphalt futures contract is 1 yuan/ton. If the current contract price of asphalt is 3000 yuan/ton, the price after a point increase is 300 yuan/kloc-0 yuan/ton, and the price after a point decrease is 2999 yuan/ton. Open an asphalt contract (10 ton/hand). Every time the contract price changes by one point (1 yuan/ton), the account amount will change 10* 1= 10 yuan.
3. Asphalt futures can be long or short, and both long and short positions can obtain the spread income. For example, if you sell a first-hand asphalt contract, the opening price is 3000 yuan/ton. When the price drops to 2700 yuan/ton, you can make a profit of (3000-2700)* 10=3000 yuan.
4. Asphalt futures is a T+0 trading mechanism, which can close positions on the opening day, and there is no limit to the number of positions opened. This trading mechanism provides more trading opportunities for short-term traders.
5. Asphalt futures adopt margin trading system, which can be small or large. For example, the margin of the first-hand asphalt futures is about 3,000 yuan, while the value of the first-hand asphalt in the spot market is about 30,000 yuan, which is equivalent to trading 30,000 yuan of asphalt with a margin of only 3,000 yuan in advance, and the capital utilization rate is increased by 10 times. When the price of asphalt futures fluctuates 10%, traders can make a profit 100%.
6. Asphalt futures adopt the compulsory liquidation system. If the trading risk of a customer's position exceeds a certain value (such as 150%), the futures company will ask the customer to add margin. If the margin is not added within the specified time, the futures company has the right to forcibly close the position held by the customer, and all the trading profits and losses arising therefrom shall be borne by the customer.
7. Asphalt futures should be delivered at maturity. Asphalt futures contracts have a final trading day, and individual traders must close their positions before the final trading day of the contract. If institutional traders are qualified for delivery, they can continue to hold positions until the delivery date of goods and make physical delivery.
Third, the real-time market of asphalt futures.
Wenhua Finance Software is the futures trading software with the largest number of users. You can check the asphalt futures market for free. The download address of Wenhua financial futures trading software (analog version) is: Wenhua trading software download.
Four, asphalt futures fee
The handling fee for asphalt futures is charged at 1 of the turnover. For example, if the current asphalt futures price is 3,000 yuan/ton and the first-class asphalt futures contract is 10 ton, the turnover of the first-class asphalt futures is 3,000 *10 = 30,000 yuan, and the handling fee is 30,000 *1= 3 yuan. The handling fee will change with the change of asphalt futures price. When the price goes up, the handling fee goes up, and when the price goes down, the handling fee goes down.
Verb (abbreviation of verb) asphalt futures deposit
Margin of asphalt futures contract = turnover of futures contract * margin ratio, margin ratio = exchange margin ratio+futures company margin ratio. For example, if the current price of asphalt contract is 3,000 yuan/ton, the turnover of primary contract is 3,000 yuan/ton *1ton = 30,000 yuan, the margin ratio of asphalt contract exchange is 9%, and the margin ratio of futures company is 1%.
Six, asphalt futures trading software
Computer trading software: Master Wenhua Finance or Boyi, about 95% of futures traders use these two softwares.
Mobile phone trading software: the official mobile phone app trading software of each futures company or Mandarin Portable. 1. What is asphalt futures?
Asphalt is a dark brown complex mixture, which consists of hydrocarbons with different molecular weights and their nonmetallic derivatives. It is a waterproof, moisture-proof and anticorrosive organic cementing material, which is mainly used in transportation, construction, agriculture, water conservancy engineering, industry, civil and other fields.
Asphalt futures is a kind of futures with asphalt as the subject matter. Currently listed on Shanghai Futures Exchange, trading code BU.
Standard contract for asphalt futures in the previous period
Second, the asphalt futures trading rules:
1. The minimum trading unit of asphalt futures is one hand and the other hand is 10 ton. If you buy 10 asphalt futures contract, it is equivalent to buying 100 tons of asphalt.
2. The minimum change price of asphalt futures contract is 1 yuan/ton. If the current contract price of asphalt is 3000 yuan/ton, the price after a point increase is 300 yuan/kloc-0 yuan/ton, and the price after a point decrease is 2999 yuan/ton. Open an asphalt contract (10 ton/hand). Every time the contract price changes by one point (1 yuan/ton), the account amount will change 10* 1= 10 yuan.
3. Asphalt futures can be long or short, and both long and short positions can obtain the spread income. For example, if you sell a first-hand asphalt contract, the opening price is 3000 yuan/ton. When the price drops to 2700 yuan/ton, you can make a profit of (3000-2700)* 10=3000 yuan.
4. Asphalt futures is a T+0 trading mechanism, which can close positions on the opening day, and there is no limit to the number of positions opened. This trading mechanism provides more trading opportunities for short-term traders.
5. Asphalt futures adopt margin trading system, which can be small or large. For example, the margin of the first-hand asphalt futures is about 3,000 yuan, while the value of the first-hand asphalt in the spot market is about 30,000 yuan, which is equivalent to trading 30,000 yuan of asphalt with a margin of only 3,000 yuan in advance, and the capital utilization rate is increased by 10 times. When the price of asphalt futures fluctuates 10%, traders can make a profit 100%.
6. Asphalt futures adopt the compulsory liquidation system. If the trading risk of a customer's position exceeds a certain value (such as 150%), the futures company will ask the customer to add margin. If the margin is not added within the specified time, the futures company has the right to forcibly close the position held by the customer, and all the trading profits and losses arising therefrom shall be borne by the customer.
7. Asphalt futures should be delivered at maturity. Asphalt futures contracts have a final trading day, and individual traders must close their positions before the final trading day of the contract. If institutional traders are qualified for delivery, they can continue to hold positions until the delivery date of goods and make physical delivery.
Third, the real-time market of asphalt futures.
Wenhua Finance Software is the futures trading software with the largest number of users. You can check the asphalt futures market for free. The download address of Wenhua financial futures trading software (analog version) is: Wenhua trading software download.
Four, asphalt futures fee
The handling fee for asphalt futures is charged at 1 of the turnover. For example, if the current asphalt futures price is 3,000 yuan/ton and the first-class asphalt futures contract is 10 ton, the turnover of the first-class asphalt futures is 3,000 *10 = 30,000 yuan, and the handling fee is 30,000 *1= 3 yuan. The handling fee will change with the change of asphalt futures price. When the price goes up, the handling fee goes up, and when the price goes down, the handling fee goes down.
Verb (abbreviation of verb) asphalt futures deposit
Margin of asphalt futures contract = turnover of futures contract * margin ratio, margin ratio = exchange margin ratio+futures company margin ratio. For example, if the current price of asphalt contract is 3,000 yuan/ton, the turnover of primary contract is 3,000 yuan/ton *1ton = 30,000 yuan, the margin ratio of asphalt contract exchange is 9%, and the margin ratio of futures company is 1%.
Six, asphalt futures trading software
Computer trading software: Master Wenhua Finance or Boyi, about 95% of futures traders use these two softwares.
Mobile phone trading software: the official mobile phone app trading software of each futures company or Mandarin Portable.