Closing price: the closing price refers to the transaction price of the last transaction of a certain trading variety before the end of trading activities on a certain day of the exchange.
Settlement price: settlement price refers to the price of a certain variety calculated by weighted average price according to the price fluctuation on the day after closing. This price is mainly used in the market where there is no debt settlement on that day, and it is used to settle the profit and loss of the transaction on that day according to the settlement price at the closing time of the market.