Refers to contracts with concentrated positions and good liquidity in the market.

Because every contract has an expiration date, the life cycle of the contract is limited. According to the trading rules, the contract enters the delivery procedure on the last trading day, which means that the life cycle of the contract has ended and the exchange will not allow customers to trade the contract again. So the main contract will change with the passage of time.

Under normal circumstances, the futures market software will mark the main contract of the current variety with "M" or "Main".

0 1 Does the main futures contract change regularly?

Big business office, Zheng business office

The main contracts of various futures varieties are generally concentrated in 1 month, May and September.

Last issue, CICC Energy Center

The main contracts of most futures varieties generally change from month to month. Usually, the main contracts are contracts that are 2 or 3 months away from the delivery month.

For example, the current date of copper futures (CU) in the previous issue is April 8, 2022, so the main contract of copper futures is: the contract in April is pushed back for two months, which is the CU2206 contract.

Other cases

There are also some contracts that do not follow the above rules, such as gold (AU) and silver (AG) futures. These two futures contracts are mainly concentrated in June and 65438+February.

How to judge which is the main futures contract at present?

All trading contracts marked with "M" or "Master" are master contracts.

major feature

The main contract has high market participation, active trading, good price continuity and fast trading, which can help investors avoid trading risks caused by insufficient liquidity to some extent.

Finally, remind investors once again to participate in futures trading, suggest trading the main or secondary main contracts, and don't choose some inactive contracts without trading volume, thus creating unnecessary trading risks. At the same time, it should be noted that futures contracts have a life cycle. As the delivery month approaches, the liquidity of the delivery month contract will gradually decrease. Please adjust positions in time to avoid unnecessary trading risks and delivery default risks.