Futures price is the market's expectation of future futures price. As time goes by, the price must be getting closer to that point in time. You sign a futures contract to book future futures, so just pay the deposit. When futures contracts expire, they are usually delivered in kind, but some futures can be delivered in kind. The stock index is delivered in kind, and the spot is CSI 300.
Futures trading changes hands: It is well known that futures trading is a two-way transaction. In other words, the two parties in the market can be simply divided into buyers and sellers, and the contracts in the hands of these two parties are constantly exchanged, that is, "changing hands." Novice investors can directly understand that futures transfer is the transfer of multiple orders or empty orders from one hand to the other, which is called "multiple delivery" or "empty delivery". In the case of futures changing hands, the total position on the disk remains unchanged, and only when new buyers and sellers enter the market at the same time will the position increase. The higher the turnover rate of futures contracts, the higher the activity of contracts, especially when the contract price is at the top or bottom, when the turnover rate rises and the trading volume is enlarged, it is often a precursor to the trend reversal.