Theoretically, the futures price is the spot price plus related expenses. The associated costs include storage costs,

Management fees, interest on capital occupation, etc. Here, the capital interest, storage fee and management fee are all yours.

Ben. If you buy a spot, you must store it before you sell it, which involves warehousing and management. such as

If you want to sell it in a few months, the price must be higher than your purchase price plus these two fees, otherwise,

You will lose. Besides, if you put your money in the bank, there will definitely be interest. So if you buy futures contracts,

At least the seller must be higher than the price plus interest on the relevant time to make a profit. Futures is truth, three.

The futures contract price after the month is the spot price plus the storage management fee for three months, plus the same.

Interest on funds deposited in the bank for three months.

The purchase price of goods is fixed, and the related expenses are generated during the holding period before you sell them.

Raw, this is your holding cost. The spot price is only calculated once.