How much nickel is there in futures?

Based on the benchmark price, it is 102070 yuan/ton, while the trading unit of nickel is 1 ton/lot, and the first-day deposit of nickel is 14% of the contract value, so the first-hand deposit of nickel is102070 *1*.

The calculation formula is: latest price * main tonnage * margin ratio.

This formula can also be used to calculate the primary price of nickel futures in the future.

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