Futures delivery refers to the process that when a futures contract expires, both parties to the transaction settle the expired open contract by transferring the ownership of the goods contained in the futures contract. Once the futures contract expires, it must be delivered. The essence of futures is to sign a sales contract. Personal customers are not allowed to make physical delivery at present. Generally, they should close their positions (or be forced to close their positions) before the contract enters the delivery month. The positions of corporate customers will gradually increase (generally to 30% of the contract value). If the expired contract is not delivered, it will be regarded as a breach of contract, and the exchange will auction the customer's position list, and the auction loss will be borne by the customer. If the auction fails, the exchange will impose a penalty on the customer, which is about 20% of the contract value.

Tips: The above contents are for reference only, and no suggestions are made. There are risks in entering the market, so investment needs to be cautious.

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