A, soda ash futures margin
Soda futures are 20 tons per lot, and 1 yuan is its minimum price change, so the fluctuation point of soda futures is 20 yuan, and the trading code of soda futures is SA. At present, the trading margin of soda futures is around 9%. Because futures prices fluctuate, and futures companies will charge a certain percentage of margin on the basis of the minimum margin of the exchange, the margin charged by investors is actually higher than the margin standard of the exchange. In addition, the margin ratio of the exchange is not fixed, such as long holidays, a substantial increase in contract positions, and a substantial increase in contract prices. , the exchange will dynamically adjust the margin ratio according to market changes.
For ordinary investors, the margin of soda ash futures is 9% most of the time, and will be adjusted to 10% in the first month before the delivery month. How to understand it? Suppose Xiao Wang made a soda ash 2 108 futures contract with a margin ratio of 9%. By July of 20021,that is, one month before the delivery of 2 108 contract, the deposit of soda ash 2 108 contract was adjusted to 10%.
2. What is the lowest price of primary soda ash futures and how to calculate it?
Futures margin = margin ratio * price * trading multiplier (trading unit)
When the margin rate is 9%, the contract price of soda ash is 2108: 2,500 yuan/ton, and the trading unit is 20 tons/lot, the turnover of soda ash is 2,500 * 20 = 500,000 yuan, and the margin of soda ash is 50,000 * 9% = 4,500 yuan, so it takes 4,500 yuan to make soda ash.
1. What is the handling fee for soda ash futures?
Soda futures are listed on Zhengzhou Commodity Exchange with the trading code SA, the trading unit is 20 tons/lot, the minimum price change is 1 yuan/lot, and the exchange handling fee is 3 yuan/lot.
Calculation formula of soda ash futures commission: commission per hand * number of trading hands.
For example, when buying (selling) soda ash futures 1 lot, the handling fee is 3* 1=3 yuan; When buying (selling) 3 lots of soda ash futures, the handling fee is 3*3=9 yuan.
2. What is the fluctuation point of soda ash futures?
After talking about the handling fee of soda ash futures, let's talk about how much soda ash futures fluctuate at one point.
Calculation formula: minimum change price * transaction unit
Lowest price change: 1 yuan/hand.
Trading unit: 20 tons/lot
Through the above information, it is easy to calculate the fluctuation of soda ash futures at a point, as long as the minimum fluctuation price and trading unit are substituted into the formula, that is, the price fluctuation of soda ash futures at a point is 1*20=20 yuan.