Second, in metal trading, some investment products can achieve two-way trading, and investors can make more short positions in the rising market to gain income.
Third, gold futures trading has rigid requirements on the quality of gold in the market, and investors should pay more attention when buying.
4. In metal futures, gold futures are T+0 transactions, that is, investors can buy and sell on the same day.
You need to bring your ID card and bank card to the futures company to open an account. Among them, bank cards need debit cards from China, agriculture, industry, construction, communications, CITIC, China Everbright and Shanghai Pudong Development Bank. Bank cards with credit card function cannot open accounts, or they can choose to open accounts online.
Metal is one of the more mature futures products in the world futures market today. Metal futures trading in the world is mainly concentrated in London Metal Exchange, the New York Mercantile Exchange and Tokyo Industrial Products Exchange.
First, variety classification.
(1) precious metals. It mainly includes gold, silver and platinum, and the main trading places are the New York Mercantile Exchange and NYSE.
(2) general metals. Include copper, aluminum, lead, zinc, tin, nickel and the like. The London Metal Exchange is the main trading place. China's metal futures trading places are Shenzhen Nonferrous Metals Exchange and Shanghai Metal Exchange.
Two, due delivery, within the prescribed time limit, centralized one-time delivery.
(1) characteristics (taking aluminum as an example).
1. Fixed delivery date: five days after the last trading day;
2. Seller's choice: brand and delivery place;
3. Brand registration: 36 domestic brands, some of which are LME aluminum;
4. Place of delivery: Shanghai, Guangdong, Wuxi and Zhejiang;
5. The delivery process is fixed.
(2) Delivery process.
First delivery date: (before 16: 30) Buyer's declaration intention: delivery place and brand seller's delivery standard warehouse receipt;
Second delivery date: delivery pairing;
Third delivery date: the time for the buyer to pay and receive the bill is before 14: 00, and the time for the seller to pay is after the settlement;
The fourth and fifth delivery days: the standard of freight and miscellaneous fees for the seller to pay the special VAT invoice: copper, aluminum and zinc are all charged at 2 yuan/ton.
(3) Precautions for the expected date of delivery.
1. Trading unit and minimum delivery unit, trading unit: 5 tons/lot, minimum delivery unit: 5 lots /25 tons;
2. Adjust the number of positions in time before entering the last trading day;
3. Delivery position limit (speculative position).
(4) Before the warehousing declaration, the warehousing declaration/approval form must be filled in for warehousing declaration. Each warehouse has rated storage capacity, so the logistics direction should be arranged reasonably.
(5) The time limit for objecting to the quality and quantity of the delivered goods is before the next month of the delivery month 15 (including that day, which will be postponed to the first working day after the holiday in case of a legal holiday), and an application shall be submitted to the Exchange, and the quality appraisal conclusion issued by the quality inspection agency shall be provided at the same time. Keep the original packaging as much as possible.
(6) Circulation procedures of warehouse receipts and invoices: seller's customers-seller's members-exchange-buyer's members-buyer's customers.