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What does the spot price of aluminum ingot futures mean? Please elaborate, thank you!
Spot price is the current transaction price in the spot market. Different spot markets have different prices. The spot price in general news refers to the transaction price in the main trading market.

Futures price usually refers to the settlement price of aluminum futures price in the latest delivery month. This price is theoretically formed by your current spot price+storage cost, so it is usually higher than the spot price. On the other hand, futures is everyone's expectation of future prices, and the cost of holding futures prices is relatively fixed, so futures prices can also be regarded as everyone's expectation of future spot prices.