As far as futures contracts are concerned, the delivery date refers to the latest date of commodity delivery. In commodity futures trading, individual investors have no right to hold positions before the final delivery date. If you don't close your position by yourself, you will be forced to close your position by the exchange, and all the consequences will be borne by the investors themselves. Only the spot enterprises that have applied to the exchange for hedging qualification and obtained approval can hold their positions until the final delivery date and enter the delivery procedure, because they have hedging needs and qualifications.