Zhengzhou Commodity Exchange adopts centralized delivery for PTA, sugar and cotton futures, and the futures delivery price is the weighted average price of all settlement prices from the first trading day to the last trading day of the futures contract delivery month.
Shanghai Futures Exchange adopts centralized delivery, but its settlement price is the settlement price of the futures contract on the last trading day.
All varieties of Dalian Commodity Exchange can adopt rolling delivery, and the settlement price of rolling delivery is the settlement price of futures contract matching date; If delivery is made after the last trading day, the futures delivery price is the weighted average price of all settlement prices of the futures contract from the first trading day to the last trading day of the delivery month.
Wheat futures of Zhengzhou Commodity Exchange can be delivered by rolling, but for rolling delivery and delivery after the last trading day, the futures price is the settlement price of the trading day. The pricing of delivery goods is based on the settlement price, plus the premium of different grades of goods quality, as well as the premium of different delivery warehouses and benchmark delivery warehouses.
Calculation method of futures delivery price:
1. The settlement price of the matching date of rolling delivery adopts the settlement price of the futures contract;
2. The rolling delivery settlement price of Dalian Commodity Exchange is the settlement price of the closing date; The settlement price of centralized delivery on the last trading day adopts the weighted average price of all transaction prices of the futures contract from the first trading day to the last trading day of the delivery month;
3. Shanghai Futures Exchange adopts centralized delivery, and its settlement price is the settlement price of the last trading day of the futures contract, but the settlement price of gold futures is the weighted average price of the last five trading days of the contract according to the volume, and the settlement price of fuel oil futures is the time-weighted average price of the last 10 trading day of the contract.
3. The settlement price of future cash conversion shall be the price agreed by the buyer and the seller.