- 四种商品期货的价格下限研究
- 罗威
- 22字
- 2024-11-04 08:34:24
第一章 商品期货的价格波动和价格下限的理论基础
第一节 商品期货各个品种的合约规则
我国有三大商品期货交易所,共上市交易47种商品期货。这三大商品期货交易所分别是上海期货交易所、大连商品交易所、郑州商品交易所,分别交易14种、16种、17种商品期货。各个品种的合约规则在下文中会详细阐述。
一、上海期货交易所
上海期货交易所的各个品种的合约规则见表1.1—表1.14。
表1.1 阴极铜的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0009_0001.jpg?sign=1739579489-lI9ASE0GFxJIC0MS4FqwQCoemZTSClrj-0-6dc74f47273428b85e5ae969922852ed)
表1.2 铝的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0010_0002.jpg?sign=1739579489-4tluYofs8gFHWALxb7FH7UkMRBDEC9y3-0-60b5ce1231bef309e49473a8236207f3)
表1.3 锌的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0011_0002.jpg?sign=1739579489-AhbUXreDHyWUIeUVtDeX0fFZAJ3NUlZv-0-c5cb013f028a53d82be4c6e87a53532e)
表1.4 铅的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0011_0003.jpg?sign=1739579489-NmweVY1qOE7E7JJObgoaN5HXBhtZN3mD-0-3791770a66dc72a2c0856b63c8b36c21)
表1.5 镍的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0012_0002.jpg?sign=1739579489-kA8tVtHuQO3qSZrGLjfrHpOLCF0os5Y8-0-5123027434bdea2f6ba3a3c08bc620d2)
表1.6 锡的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0013_0002.jpg?sign=1739579489-URKjYeGemdxVMSzESxUflNMh7aZRSf0o-0-439d389260ae704719b942ac99464211)
表1.7 黄金的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0014_0001.jpg?sign=1739579489-LScFmbT6wELjfj8XLFr3VYGLZPq1sgPo-0-9be78e215e4e11aec51ab63ac6eaef6d)
表1.8 白银的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0014_0002.jpg?sign=1739579489-pJJe4CdiAf6PuzHVEuozyj22FjynauVI-0-47bd7d2455c11a3ed88d18657fade5bd)
表1.9 螺纹钢的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0015_0002.jpg?sign=1739579489-KOaRFEy03vWeSy1kZJkQwDPVUy5huvjh-0-62e7f146959e37397748315845cd26ec)
表1.10 线材的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0016_0002.jpg?sign=1739579489-3rpldjcsHUW8vnw5vch1RRV95H2h0vQg-0-22cb18f81044e17f9471d4d81e3b981d)
表1.11 热卷的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0017_0001.jpg?sign=1739579489-iW4vwSXNaLXwVz65OeSgyXU7K1eULjOn-0-baab1b4d8dec0960afff176859b9140d)
表1.12 燃料油的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0017_0002.jpg?sign=1739579489-pHMkMsIExXEOMNh1QletxkoEotGJEUHe-0-6e47ed8716e88aa8dd2e760cf388d1ee)
表1.13 石油沥青的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0018_0002.jpg?sign=1739579489-li9NiiiX8I1EdwJtYJaXXMmRwk43te2k-0-5e8bd358296ca39b2458219c67de0d3e)
表1.14 天然橡胶的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0019_0001.jpg?sign=1739579489-xLJkxi9azY61nkAfH7VwQSvLg23KmHBO-0-6dae257890ea3e37f5994dc0abbc9a04)
二、大连商品交易所
大连商品交易所各品种的合约规定如表1.15—表1.30所示。
表1.15 玉米的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0019_0002.jpg?sign=1739579489-ntgnNk4TdWZuzpZPdBm4IRikmY9mfJNu-0-6bf020cf8cba45dc1ee65cbbca5cac54)
表1.16 玉米淀粉的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0020_0002.jpg?sign=1739579489-se139bFsnZDyuIGe7asm4pGhuOEV1pJA-0-af1a3385314d8bae449559e64b1dfd0c)
表1.17 黄大豆1号的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0021_0001.jpg?sign=1739579489-nYN45Il1Gp6jYHacXLwA1Hk4NYcclViJ-0-3ab923ea37b1ac4fb0edd739315f35e9)
表1.18 黄大豆2号的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0021_0002.jpg?sign=1739579489-7MACHob4gPcJz7UVomqfDpn0CSgrEVl5-0-63cf310f9af3d0e270fa33047a07bbf8)
表1.19 豆粕的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0022_0002.jpg?sign=1739579489-udS9UfLM1Mzs26pf6i3uYrluWhI8YFBU-0-2b459f00757a22d730e92bf39eeb9930)
表1.20 豆油的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0022_0003.jpg?sign=1739579489-kxyyvNWzeF25WVmxW9XYyB43OFLG8pec-0-86a41b8a83329228802f0e7573ae3447)
表1.21 棕榈油的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0023_0002.jpg?sign=1739579489-OBoq1QQ6DZsnClEdctxdW5d5h2YC0bCk-0-712f24a984a7b6a79cb2e507afd6a1cf)
表1.22 纤维板的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0024_0002.jpg?sign=1739579489-TTPhwMhTRH5ZXQvpnOtICacRjXm0Berl-0-6cb9a95e09b878a2423d99f775a45102)
表1.23 胶合板的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0024_0003.jpg?sign=1739579489-nBrrhgUwuUc73PLnhmvpssyD7Tos6cfp-0-fb92dcc888d0856ec60da81a564a177b)
表1.24 鸡蛋的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0025_0002.jpg?sign=1739579489-igcNDooNC3nvZaai5HanrkUNOQ6bPMfB-0-df9ed1f2dab5df6fc745df1b10800a38)
表1.25 聚乙烯的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0026_0001.jpg?sign=1739579489-yWD2DFZgo3vFyJnib6ercnp9rJphCXFw-0-d1756217a2dfb9e975b1d3e2b2969cf2)
表1.26 聚氯乙烯的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0026_0002.jpg?sign=1739579489-63vLWtK8dTzYwGGCmkCbpBTls6xGE5cA-0-7b5dbbcf25afa57d08ce8af9a7ee8ae1)
表1.27 聚丙烯的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0027_0002.jpg?sign=1739579489-tLhCSILTeLwie6jIZLEA2gvPZvxAqhub-0-6b8e6e74aea7f8caacccfa1474ab635c)
表1.28 焦炭的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0027_0003.jpg?sign=1739579489-ojpJV8Z4KLP2ZhGJlrxcBeHEkETY5S3g-0-4e280b05f4ea8af0c54fee28de0154bd)
表1.29 焦煤的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0028_0002.jpg?sign=1739579489-towlfmNkYwBTejnRDKKMmNH83XuFF2m7-0-eab5ee12b4e427d19cccf8493e0bfd2a)
表1.30 铁矿石的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0029_0001.jpg?sign=1739579489-Kh1eR1teJoxRgClSB2yxl43iLZN1psQD-0-8973668149e0a99e38cfc360836d152f)
三、郑州商品交易所
郑州商品交易所各品种合约规则见表1.31—表1.46。
表1.31 强麦的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0029_0002.jpg?sign=1739579489-sRxNWRzpYkXmU7Wi1q7KNQGnwOsbA8R5-0-6792858931ad05834d3a1ccaf1f275ce)
表1.32 普麦的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0030_0002.jpg?sign=1739579489-QpmBtn4Q3nw47RxOxJ86aLCRFjnNArUE-0-a85d80004c4b2327a23e6c625ad52ae6)
表1.33 棉花的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0031_0002.jpg?sign=1739579489-lodWhV7AFsEe4egFYfUnTGhQFL2hnHph-0-6d5b3c23d83093cb0588d5745d093157)
表1.34 白糖的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0032_0001.jpg?sign=1739579489-PjfoxtAKrFA2l7FglA2D5qgt7KPPkcjA-0-30d3a195d497d61688c979dc1b5611db)
表1.35 PTA的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0032_0002.jpg?sign=1739579489-We1aaKKC41XSz3oS2u6dOW7bayGTk6q8-0-fe759995cc31527fba026f1e8c648b19)
表1.36 菜籽油的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0033_0002.jpg?sign=1739579489-y74emXEYR91594OktQ2yuYDqg846EF45-0-09d4b518fc952ee6cdf5cb058ff8b7c9)
表1.37 早籼稻的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0034_0001.jpg?sign=1739579489-BpeHXViB7WPAEm9tUjT091kAzFyGmZfU-0-361b565c70130987749c290fb42285a1)
表1.38 甲醇的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0034_0002.jpg?sign=1739579489-du8Cz4u5ubrLyJIq427UXw7AOVtq9f7D-0-089f9e621a1b603e5a3c507ebcd18c0a)
表1.39 玻璃的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0035_0002.jpg?sign=1739579489-BIpeddV3CH5UAqXkRLp4NUulTW9n4lIZ-0-197f85bcee4cdc38259bd6d00e7b912a)
表1.40 油菜籽的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0036_0002.jpg?sign=1739579489-nhu5wAjBWQA6JpxDd4xocShFkop82Dnt-0-57e647f2fca5f1ff59e104cc692baef3)
表1.41 菜籽粕的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0036_0003.jpg?sign=1739579489-OBQH9Le4mDlkDlnZb6xCzT3nACzI1q27-0-8c6e0345bb370680dfeff7bde03b426b)
表1.42 动力煤的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0037_0002.jpg?sign=1739579489-WSGyhmeGe2ILqZ2PyyAVv8vvW1C61Gx7-0-07b192c583afbd40de8c91029c264edc)
表1.43 粳稻的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0038_0002.jpg?sign=1739579489-FuoCy0Ib26c95Z99VMEYD6J1xpm9CKAv-0-5b7293254f4aee0faacc8c3c94fa850f)
表1.44 晚籼的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0038_0003.jpg?sign=1739579489-frYJBHwi2nILQku7mNOHcuI9GJQFlpxl-0-fa9d5bf577412b7cd559c9d2d86e8c2c)
表1.45 铁合金的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0039_0002.jpg?sign=1739579489-N11wOTZd1KbLktC5DSCBOjazrXlP0YK6-0-ad11a2bc192673572564be2ed48e865b)
表1.46 棉纱的合约规则
![](https://epubservercos.yuewen.com/A10E04/16508679105944806/epubprivate/OEBPS/Images/figure_0040_0002.jpg?sign=1739579489-p3ZiDq68d2N4vx0av0AmkLK44IOY8kls-0-df21f2187645fd7fe690c4673c1a4875)