升水

Contango is the normal relationship between spot and futures prices and is the opposite of backwardation.

期货升水是现货与期货价格之间的正常关系。与此词相反的是现货升水。

But despite sharply higher warrant premiums in Singapore, the disappearance of the backwardation has yet to boost CIF premiums elsewhere in Asia. In fact, in several countries they continue to fall.

尽管新加坡仓单升水大幅上涨，但铝价倒挂局面的消失并未促进亚洲其它地区铝升水CIF报价的提高，事实上，有几个国家铝升水的CIF报价持续下跌。

In 2005, the discussion was focused on the distorting effect the rapid inflow of money tracking commodity indices were having on the crude oil forward curve, which had flipped from backwardation to contango.

在2005年，跟踪初级产品价格指数的资金迅速流入市场，使得原油价格由现货升水状态转变为期货升水状态。这些资金对原油远期价格曲线的干扰效应就成了当时讨论的焦点。

For example, the sudden move in the crude oil curve from contango to backwardation last year has its origins in the steady reduction in OPEC and specifically Saudi Arabian crude oil production.

举例来说，2007年，原油远期价格曲线之所以由期货升水状态突然转变为现货升水状态，其根源就在于欧佩克、尤其是沙特的稳步减产。

The cash-to-3-months contango reached a high in June of $34/t on the 23rd and averaged $20/t for the month, the third successive monthly average of contango.

现货对三个月期铅价格升水在6月23日达到34美元/吨的高点，当月的升水均值为20美元/吨，升水均值连续三个月达到20美元/吨。

I Fill the 5-litre bowl and overspill water to the 3-litre bowl, which you empty afterwards.

装满5升的碗，然后倒进3升的碗，然后把3升碗里的水倒掉，再把5升碗里剩下的2升水倒进3升的碗。

Refill the 5-litre bowl and overspill water from it to fill the 4-litre bowl (where there is already 1 liter).

重新装满5升碗，从5升碗里倒水进4升碗装满(本来就有1升水)。

From the 5-litre bowl overspill the 2 remaining liters to the 3-litre bowl.

重新装满5升碗，倒满3升的碗（1升水），那么5升碗里就剩下4升水了。

Then overspill 4 liters to the 4-litre bowl (there are 5 liters in the 9-litre bowl afterwards) and pour out the water from the 4-litre bowl.

然后倒4升水到4升碗里（9升碗里剩下5升水），把4升碗里的水倒掉。

Teck Cominco also sold 1,800t of QB-R brand non-LME registered SXEW cathodes at a $47/t discount for July shipment and a further 900t for August shipment at a $63/t discount, both basis 1 month pre-payment. A tender for July shipment of 1,500t of "Grace" brand from Mantos de la Luna mine in Tocopilla attracted a discount of $28/t at the beginning of the month, while an additional 800t lot was sold at a $10/t discount late last week.

Teck Cominco公司还以47美元/吨的折价升水出售了1，800吨QB-R牌非LME注册SXEW电解铜（7月份装船），以63美元/吨的折价升水进一步出售了900吨同类电解铜（8月份装船），两批铜的支付方式都是提前一个月支付。7月初，Tocopilla地区Mantos de la Luna矿生产的1，500吨7月份装船的Grace牌电解铜以28美元/吨的折价升水中标，但上周末出售的800吨铜以10美元/吨的折价升水中标。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。