After hedging liquidation, the final delivery of futures trading is not important. After the futures are closed, natural investors cannot make delivery. Even if the position is not closed, it will be closed before the delivery month. However, for those who are qualified for compulsory liquidation delivery, delivery is required. The delivery link is not a necessary link in futures trading. In practice, most futures transactions settle performance obligations through hedging and flat positions, so the proportion entering the delivery link is actually very small.