Open position: open position, also known as open position, refers to the new purchase or sale of a certain number of futures contracts by traders;

Liquidation: liquidation is a term derived from commodity futures trading, which refers to the trading behavior of one party in futures trading to cancel the futures contract bought or sold before;

Position: Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes.

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