Futures industrial products and chemicals are generally five tons, including copper, zinc, aluminum, plastics, polyvinyl chloride, linear low-density polyethylene and purified terephthalic acid. Excluding rebar and fuel oil, each lot 10 ton. Gold skill1000g. The upcoming lead is 25 tons.
The number of first-hand representatives of futures;
1, by weight: in the commodity futures we trade, most commodities are by quantity, such as "tons" for most commodities, 1000 grams of gold and silver (ounces for the international market), and 500 kilograms for egg futures. , and the "pound" and "bag" in the international market.
2. Capacity: This is widely used in international agricultural products and crude oil futures, such as "bushels" commonly used in agricultural products such as soybeans and corn, and "barrels" used in crude oil futures. Relative to the application object, some units of quantity can be used as both capacity units and weight units. For example, the "ounce" mentioned above is a unit of capacity when it is used as a unit of liquid measurement.
3. Other commodity futures units. In addition, according to the nature and habits of different commodities, there are some other units of quantity in futures. For example, in international natural gas futures trading, mmBtu (Million British Thermal Units) is used as the unit.
4. Non-commodity futures trading units. Many financial futures have no natural units, or the units of the trading objects are numerical values (perhaps points), such as stock index futures, the trading objects are weighted stock indexes as numerical values, or the trading objects are fluctuating points.
Secondly, according to the contract, we know the number of first-hand representatives. Like the unit, because each futures trading object is different, the trading unit and even the object are different, and the number generated is also very different. For example, domestic futures, primary copper =5 tons; Primary corn = 10 ton. The number of primary representatives of the same futures in different markets is also different. For example, primary crude oil is 1 1,000 barrels in the United States and 1 1,000 barrels in China. Therefore, to know the number of lots, you need to know the contents of the contract.
The "designated time" for compulsory liquidation refers to before the close of the day, that is, before 3 pm. General futures companies will call customers to inform them of the risk of holding positions before closing. Customers can choose to close their positions or add funds to ensure the normal performance of the contract.