As the largest peanut importer in the world, China mainly imports peanuts from the United States, Senegal, Sudan and other countries, and the peanut output of these countries is at a high level in 20021/2022.
Peanut futures refer to the futures with peanuts as the trading object. Peanut futures was officially listed on Zhengzhou Stock Exchange on February 20021. The first batch of peanut futures contracts listed and traded are PK2 1 10, pk211,PK2 165438 and PK265438.
1. What is the delivery standard of peanut futures?
Tax-included price (including packaging) of benchmark delivery goods in futures contracts delivered on auto panels at the benchmark delivery place. The benchmark delivery price of peanut futures is the tax-included price (including packaging) of the benchmark delivery goods of the futures contract delivered by the automobile board at the benchmark delivery place. Peanut futures delivery products should be packed in plastic woven bags. Woven bags should be strong, clean and dry, sealed with sewing machine, and peanuts should not be missed or polluted. The weight of a single bag of peanuts is 50kg 2kg. And the weight of a single package shall not exceed 125g, and the packaging specifications of peanuts delivered by the same customer in the same batch shall be unified. Peanut futures adopt the delivery method of "car (ship) board+factory warehouse". Adopting two delivery methods is mainly to consider the different requirements of the two delivery methods for the delivery service subject.
2. What is the target of peanut delivery?
In terms of delivery, the delivery target of peanut futures is oil peanuts. Oil peanut is the single product with the largest circulation in China peanut spot market, accounting for about 50% and rising continuously. It has a strong commodity attribute and represents the development direction of peanut industry to a certain extent. At the same time, the quality standard of oil peanut is relatively uniform, and the price is mainly based on oil content, acid price and other indicators. The promotion discount is transparent, the pricing mechanism is clear and the operability is strong.
3. What is the margin of peanut futures?
1. The minimum margin ratio of peanut futures stipulated by Zhengzhou Commodity Exchange is 5%, that is, the margin required for opening peanut future positions is 5% of the contract value. However, in the actual investment process, the margin rate stipulated by futures companies will be slightly higher than 5%, such as 8%.
2. Calculation of peanut futures margin: the amount of futures margin = latest price × trading unit × margin ratio = 10000x5x8%=4000 yuan/lot.