First question, China Life's March futures price is 6.50.

This price means that the price of the futures contract you bought is 6.50, which is the current price. If you hold it at maturity, you will cash your stock at this price.

Second question, what is the settlement price?

The settlement price means that you hold a futures contract, so after the close of the day, the futures exchange will have a settlement price for the day. According to this price, you can judge whether the futures contract you hold is a profit or a loss. If you make a profit, it will be credited to your account on the same day. If you lose, you will deduct the corresponding money from your account. That 6.5 is the price when you buy futures contracts on February 65438+February 1 day, futures.

The third question, why not 8.85?

Because 8.85 is the spot price, the relationship with futures only affects each other.

Investors do not deliver, but liquidate, so his profit calculation only involves the price of futures. This has nothing to do with spots.

The fourth question, why did you buy it at 6.5?

This 6.5 is the contract price, not the stock price, I understand. This is the contract price. Although the stock is delivered when the contract expires, the quotation is still based on the contract price.

The deposit is calculated according to the contract quotation.