190 1 contract refers to the rebar futures contract due for delivery in 20 19. Generally, the first trading day of the delivery month is designated as the first notice day. From this day on, the buyer will receive the delivery notice at any time, and after receiving the notice, the buyer will pay the contract price.
Some exchanges allow buyers and sellers to deliver on any day of the delivery month. If buyers rush to receive the goods on the first notice day, the price may rise. On the other hand, if the seller delivers the goods in a hurry on the first notice day, it may cause the buyer to retreat in a hurry and the price will fall.
Extended data:
The last trading day of futures is 15 of the contract delivery month (postponed in case of legal holidays), and the last delivery day is five consecutive working days after the last trading day.
The expiration date of the futures contract of each month is 15 of that month. If 15 is not a trading day, the last trading day before 15 is the expiration date. Therefore, the futures contract of the same commodity has different prices due to different delivery months.
Rebar is a kind of small steel, which is mainly used for the skeleton of reinforced concrete building components. It is required to have certain mechanical strength, bending deformation performance and process weldability in use.
Baidu Encyclopedia-Delivery Month