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What are the differences between spot copper and futures copper?

There are big differences between spot copper and futures copper in many transaction details:

1. The minimum price unit of spot copper is 1 yuan/ton, while that of futures copper is 10 yuan. / ton, the quotation of spot copper is more accurate;

2. Futures copper has a maximum daily price fluctuation limit, that is, a price limit, which does not exist for spot copper;

3. Futures copper can no longer be held after the month expires and must be delivered. This does not happen with spot copper;

4. The biggest difference between the two is the trading time. Spot copper can be implemented throughout the day. Non-stop trading, copper futures only have a fixed trading time of a few hours a day, completely missing the European and American periods when prices fluctuate the most, resulting in a huge waste of trading opportunities;