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Does futures delivery have to be an enterprise?
There is no clear provision for delivery, unless it is a legal person; However, VAT invoices are required for delivery, and only enterprises can have VAT invoices.

Why do you have to send it? The cost of closing future positions and covering the spot is lower than the delivery cost.

Delivery is a means to curb excessive speculation in futures, not a spot market. The exchange does not advocate delivery, so the cost is high.

The so-called hedging of enterprises is not delivery, and most of them are futures to supplement the spot. There is no cost to liquidate positions and withdraw cash. If you want to deliver the goods, the handling fee, storage fee and transportation fee will be more.

Isn't the recent delivery better than your distant delivery warehouse? Do the math yourself!