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What does the futures quotation 93- 16 mean?
Futures quotation 93- 16 refers to the number before "-"and the number after "",and the corresponding price of 93- 16 is 93.5 yuan. Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with some bulk products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets.