1. spot price of rebar refers to the price of physical rebar for shipment, storage and construction (generally subject to the same day). There are generally two trading methods of rebar: spot trading: also known as forward foreign exchange trading, which refers to a trading behavior in which both parties go through the delivery formalities on the same day or two trading days after the completion of foreign exchange trading. Futures trading: the so-called futures generally refers to futures contracts, which are standardized contracts formulated by futures exchanges and agreed to deliver a certain number of subject matter at a specific time and place in the future.

2. Introduction of rebar futures delivery standard;

(1) The delivery unit of the rebar futures standard contract is each lot 10 ton, and the delivery unit is 300 tons per warehouse receipt. The delivery shall be an integral multiple of each warehouse receipt.

(2) Quality regulations: The quality of steel bars used for physical delivery shall comply with relevant regulations; The size, shape, weight, allowable deviation, packaging, marks and quality certificates of the delivered steel bars shall comply with the national standard GB 1499.2-2007 "Steel for Reinforced Concrete Part 2: Hot Rolled Ribbed Steel Bars"; The length of reinforcement used for physical delivery is 9m or12m; The rebar of each standard warehouse receipt shall be composed of goods produced by the same manufacturer, the same brand, the same registered trademark, the same nominal diameter and the same length, and the production date of rebar constituting each warehouse receipt shall not exceed two consecutive days, with the earliest date as the production date of the warehouse receipt; The warehouse receipt shall be issued by the delivery warehouse designated by this Exchange after passing the inspection as required.

1. What is the settlement price of rebar futures?

Settlement price. The settlement price is the benchmark price of the trading margin of the open contract and the profit and loss settlement of the day after the end of the day's trading. Provisions of Zhengzhou Commodity Exchange, Dalian Commodity Exchange and Shanghai Futures Exchange. The settlement price of the day takes the weighted average price of the transaction price of a futures contract on the day according to the volume; If there is no transaction price on that day, the settlement price of the previous trading day shall be the settlement price of that day. According to China Financial Futures Exchange, the settlement price of the day refers to the weighted average price of the transaction price in the last hour of a futures contract according to the volume. The settlement price is calculated according to the arithmetic average price of the last two hours of the settlement date. "Pre-settlement price" refers to the settlement price of the previous trading day, and "settlement price" refers to the settlement price of the current day. The "settlement price" of the day is the "pre-settlement price" of the next trading day. Settlement price refers to the price of a certain variety calculated by using the weighted average price according to the price fluctuation after the close of the day. This price is mainly used in the market where there is no debt settlement on that day, and it is used to settle the profit and loss of the transaction on that day according to the settlement price at the closing time of the market.