1. What is the fluctuation of a point in polypropylene futures?
The trading code of polypropylene futures is PP. According to the polypropylene futures contract, the trading unit of polypropylene futures is 5 tons/lot, and the minimum price change is 1 yuan/ton. That is to say, to make primary polypropylene futures, you need to buy and sell 5 tons of polypropylene, one ton fluctuates 1 yuan, and 5 tons is 5 yuan, so one point of fluctuation of polypropylene futures is the profit and loss of 5 yuan.
2. How to calculate the polypropylene futures margin?
When it comes to how much polypropylene futures need in the first hand, we have to mention how much its margin needs. Because one of the characteristics of futures trading is the margin system, a futures contract originally needed tens of thousands or even hundreds of thousands, but because of the margin system, investors only need to pay thousands or tens of thousands to trade, which greatly reduces the threshold of the futures market and increases the trading opportunities of investors. However, risks and benefits coexist, so investors must control risks when trading, and remember not to operate in Man Cang.
At present, the margin ratio standard of polypropylene futures stipulated by Dalian Commodity Exchange is 1 1%, and the margin is not constant forever. The exchange will make certain adjustments according to market changes. 1 1% is the standard set by the futures exchange, and the futures company will add a few percentage points on this basis. Its calculation formula is: futures margin = futures price * trading unit * margin rate.
Take the polypropylene 1909 futures contract as an example. Assuming that the current price of polypropylene 1909 futures contract is 10000 yuan/ton, the trading unit is 5 tons/lot, and the margin ratio standard of polypropylene futures stipulated by Dalian Commodity Exchange is 1 1%, then the turnover amount of polypropylene futures is 65438+. The margin of polypropylene futures is 50,000 *11%= 5,500 yuan/lot, which means that it takes about 5,500 yuan to make first-hand polypropylene futures at this stage. Of course, this is the exchange deposit. In fact, the margin paid by futures companies will be a little higher than this value, but not much higher.
Special note: Because the futures price fluctuates greatly, and the futures company will add a certain percentage of margin on the basis of the minimum margin of the exchange, the trading margin charged by investors is actually higher than the margin standard of the exchange.
3. How to calculate the handling fee for polypropylene futures?
The handling fee is related to the interests of investors, and every investor hopes to realize spot trading through lower handling fee. However, the handling fee of futures is not infinitely low, but there is a unified standard. Fees are divided into opening fees and closing fees. At present, Dalian Commodity Exchange stipulates that the transaction fee of polypropylene futures is 0.6 ‰ of the transaction amount, but it should be noted that the handling fee charged by futures companies is in accordance with the standards of the exchange.
I hope I can help you. Bian Xiao focuses on explaining the knowledge of futures and options trading, and provides a platform for investors to communicate. For better trading, welcome to pay attention!