Description
The Futures Settlement Price (Main) for Rebar is published by various commodity exchanges, such as the Shanghai Futures Exchange (SHFE). This indicator is used to gauge the market price of rebar futures contracts at the time of settlement. It serves as a benchmark for pricing in the construction and steel industries. The settlement price is crucial for traders and investors to assess market trends and make informed decisions. A higher settlement price indicates stronger demand or supply constraints, while a lower price suggests weaker demand or oversupply.
The settlement price is calculated based on the weighted average price of all trades executed during the closing period of the trading session. It includes factors such as the volume of transactions and the prices at which they were executed.
The settlement price is updated daily at the end of each trading session, reflecting the latest market conditions.