1. The night trading hours of Shanghai Futures Exchange are
2 1:00-02:30。 Trading varieties are gold and silver. From 2 1 to 1 in the morning, the trading varieties are copper, aluminum, tin, lead, zinc and nickel. 2 1: 00 to 23: 00 trading varieties are rebar, hot rolled steel plate, petroleum asphalt and natural rubber.
2. Night trading hours of Dalian Commodity Exchange:
2 1:00 to 23:30. Trading varieties include soybeans, soybeans, soybean meal, coke, coking coal, palm oil and iron ore.
3 Zhengzhou Commodity Exchange night trading hours:
2 1:00-23:30, the trading varieties are sugar, cotton, rapeseed meal, methanol, PTA, rapeseed oil, glass and thermal coal.
1, Futures, the English name is futures, which is completely different from the spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with cotton, soybeans, petroleum and other popular products and financial assets such as stocks and bonds as the subject matter. So the theme can be commodities (such as gold, crude oil, agricultural products) or financial instruments.
The futures market first appeared in Europe. As early as in ancient Greece and Rome, there were central trading places, bulk barter transactions and trading activities with the nature of futures trade. The original futures trading was developed from spot forward trading. The first modern futures exchange was established in Chicago, USA in 1848, and the standard contract model was established in 1865. In 1990s, China Modern Futures Exchange was born. There are four futures exchanges in China: Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange. The price changes of its listed futures have a far-reaching impact on related industries at home and abroad.
3. The initial spot forward transaction is a verbal commitment by both parties to deliver a certain amount of goods at a certain time. Later, with the expansion of the scope of transactions, oral promises were gradually replaced by sales contracts. This kind of contract behavior is becoming more and more complicated, and it needs to be guaranteed by intermediaries in order to supervise the timely delivery and payment of buyers and sellers, so 157 1 opened the world's first commodity forward contract exchange in London-Royal Exchange.