The transfer price is difficult to calculate, and there are various conversions such as storage fees, handling fees and exchange rates. However, what needs to be known is that at present, it is very unfavorable to move the position, and it is recommended to close the position in advance.

Affected by factors such as excess spot supply, the spread (premium) between new and old futures contracts in the international market has recently reached 6-7 USD (40-50 RMB)/barrel, which is at a high level. If you choose to move the expired warehouse, the number of contracts held after the move may be flat or decreased.