原木期货交割业务综述

Group 1 - The core viewpoint of the articles discusses the delivery methods and regulations for log futures contracts, including daily selection delivery and one-time delivery [1][2][3] - Daily selection delivery allows sellers to initiate delivery requests during the delivery month, with matching organized by the exchange, and settlement prices based on the closing price of the pairing day [1][2] - One-time delivery occurs after the last trading day, where all open contract holders are organized by the exchange for delivery, using a weighted average price from the last ten trading days [1][2] Group 2 - The standard warehouse receipt for logs is a factory warehouse receipt, which is canceled immediately after the transfer to the buyer on the settlement day [2] - The delivery area for log futures includes several provinces and municipalities, with Shandong Province as the benchmark delivery location, and specific delivery warehouses and locations established [3] - The exchange has set up seven designated delivery warehouses and seven designated truck delivery locations across various regions, including major log import ports and large traders [3]