For example, copper 1 1 2 means11year 65438+February delivery.
Soybean oil 1205 refers to 65438+ delivered in May 2002.
In this case, you can know the delivery time by looking at the figures. The specific delivery time is different for each variety. It is suggested to introduce the varieties on the website of the exchange, or open a variety on the trading software and press F 10 to see it.
Futures trading is actually a single contract trading. If this contract is delivered on the due date, there will be an exchange of money and property rights, resulting in the sale of goods, commonly known as sale, then this contract naturally does not exist, and we can't trade this contract in the future. This is called delivery.
However, it should be noted that individuals cannot participate in the delivery of other commodity futures except stock index futures. For this reason, generally speaking, the closer the commodity futures are to delivery, the smaller the turnover of contracts in recent months (contracts closer to delivery date). There are some differences between varieties. For example, for metal varieties in Shanghai, contracts that expire in three months are generally the main contracts, and everyone is more concerned. For example, it is September of 1 1, and now the main copper contract is112. Agricultural products are different. Take soybean oil and soybeans as examples. Generally, 1, 5 and 9 are the main contracts in turn. For example, the main contract of soybean oil is 1205, which will become 1209 by the end of the year and 130 1 by the middle of next year. There is no specific time limit, it depends entirely on the acceptance of the market.
Many people don't pay attention to the introduction of variety shows, so I will say a few more words. Goods from Dalian and Zhengzhou can't even be brought in by individual customers in the delivery month. In Shanghai, positions are trimmed to multiples of 5 lots, and fuel oil is different. This must be remembered.