Liquefied petroleum gas futures
Liquefied petroleum gas futures, also known as liquefied petroleum gas futures, have a high correlation with crude oil. They were listed on Dalian Commodity Exchange on March 30th. The first batch of listed contracts are PG20 1 1, PG20 12, pg210, PG2 102 and PG 2 108.
How much does it cost to buy LPG futures?
The calculation formula of funds required for purchasing LPG futures = transaction price, number of transactions, margin ratio and trading unit. Its trading unit is 20 tons/lot, the variable price is 1 yuan/ton, and the trading margin is 8%. Therefore, the funds required for investors to buy LPG futures are not fixed, but will change with the change of market price. When the market price is high, investors need more money to buy LPG futures, while when the market price of LPG futures is low, investors need less money to buy LPG futures.
Example calculation:
For example, when the market price is 2900 yuan a ton, investors buy a lot of PG20 1 1 and the trading margin is 8%, then the funds required for investors to buy a lot of PG20 1 1 are =2900 18%20=4640. If the market price of PG 20640 is 3,000 yuan, investors will need to buy another hand = 3,00018% 20 = 4,800 yuan. Investors need to pay 160 yuan more than 2900.
LPG futures trading is a leveraged transaction with high risk. Investors should reasonably control their positions when buying and use very few positions to avoid short positions due to fluctuations in futures prices.
Investment is risky, so be cautious when entering the market.