Shanghai Copper Co., Ltd. is a contract for the upcoming delivery month and cannot be traded. Continuity refers to connecting the K-line of futures contracts of the same variety into the delivery month.

The last trading day of the Shanghai copper futures contract is the contract delivery month 15 (postponed in case of legal holidays), and now it is shown as 1005 contract. May 16, 1005 contract due for delivery;

The continuous K line will be the contract of 1006. When the contract is delivered, the K line of 1007 continues. This is the significance of the continuation of Shanghai Copper. The principle of other futures products is the same, but the delivery month of the contract may be different, and the connecting month will be different.

Extended data:

Shanghai copper index:

Futures index is the weighted price of all contracts according to the position proportion, and the price of index contract is calculated according to the position proportion corresponding to the contract price * of this variety in each month. For example, the real-time price of Shanghai copper index is obtained by the real-time price of copper contracts in each month * positions/(the sum of positions in each month).

Master contract:

Refers to the contract with the largest position or volume, which is also the most active, liquid and easy to clinch a deal in the market at that time, so investors should actively choose to participate in the trading of the main contract.

Baidu Encyclopedia-Continuous Contract

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