Current location - Trademark Inquiry Complete Network - Futures platform - Asking about commodity futures. For example, Shanghai Copper 1205 sells 57620 20 and buys 57600 1. What does this 20, 1 mean?
Asking about commodity futures. For example, Shanghai Copper 1205 sells 57620 20 and buys 57600 1. What does this 20, 1 mean?
57620 and 57600 are the price of copper (yuan/ton). The last 20 active selling positions (units/lot) are also active buying positions. One trading unit is 1, and one hand is equal to 5 tons of copper. At present, the exchange stipulates that the trading margin of copper is 9% per lot.
That is, the opening price of buying or selling x5x0.09 is equal to the margin.