Point price problem in futures
The "point" in the point price is a verb, which means "confirm and execute". Point price means "execute the price and finalize the price". Spot price is a pricing method in the process of futures delivery, that is, for a certain type of forward delivery goods, the price of the goods is not directly determined, but only the discount is determined. Then, in the agreed "pricing period", the futures price of a certain day of major international futures exchanges (such as CBOT or LME) is used as the base price of pricing, and the agreed premium is used as the final settlement price. For example, an oil refinery and an oil field reached an agreement through negotiation: during the period from April 10 to April 15, 2009, the oil field delivered10 million barrels of low-sulfur crude oil to the refinery, and the price was based on the contract price of new york crude oil market the day before the actual delivery, with a premium of $65,438+$0.5 per barrel. The main purpose of this is to avoid the risks brought by price fluctuations. As for how you set the price as a buyer and what the price is, you need to negotiate with the seller for confirmation. Naturally, both sides make demands on the principle that best suits their own interests.