现货

DEALER may execute all purchases and sales of spot commodities contracts for Customer's account through DEALER or through an omnibus clearing agreement.

在执行客户账户的现货商品买卖交易时，"交易商"可以将所有买卖交易透过"交易商"或一个综合结算协议执行。

DEALER may execute all purchases and sales of spot commodities contracts for Customer's account through EALER or through an omnibus clearing agreement.

在执行客户账户的现货商品买卖交易时，"交易商"可以将所有买卖交易透过"交易商"或一个综合结算协议执行。

Stores able to get their hands on this "premium" collectable gain a significant advantage.

这也让能够捷足先登，取得现货的店家，奇货可居。

New York Mercantile Exchange is the largest physical commodity futures exchange in the world.

纽约商品交易所是目前全球最大的具备现货交割能力的商品期货交易所。

Nevertheless, the cash-3M contango stayed in a range of US$40/t to a high of US$51/t, helping to finance off-warrant stocks.

然而，现货－3月期货升水仍保持在40－51美元/吨的区间内，这有助于注销仓单库存的融资。

The cash to three-months differential has remained in a contango this week.

上周伦敦金属交易所现货铝价从10月底的2700-2850美元/吨跌至2500-2600美元/吨。

As the lead price has dropped we have seen the LME cash-to-3-months contango re-establishing itself in 2Q2008, averaging around $11/t in April and $17/t in May.

在铅价下跌的时候，我们发现LME铅现货对三个月期货升水在2008年二季度重新抬头，从4月份的平均11美元/吨上升至5月份的17美元/吨。

But financial speculation forced the futures price of some commodities well above the spot level, an unusual phenomenon known as "contango".

但是受投机交易影响，期货价格远高于现货水平，这个就是不常见的期货益价现象。

Gold is not an asset that is consumed but rather stored, so it is traditionally in what is called a contango market, meaning the price for future delivery is higher than the spot price (which is for immediate settlement).

黄金不是一个用于消费的资产，而是储存价值的资产，因此它处于传统所谓的期货溢价市场，也就是期货价格高于现货价格。

Not only does the opposite condition often occur, where spot oil is more expensive, but the contango conditions present today also feature spreads at their widest in years, Barclays Capital says.

Barclays Capital称，相反的情况──也就是石油现货价格高于期货价格──不仅时常发生，而且现在出现的"升水"中的价差也是多年来的最高水平。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。