Contango

英文Contango

中文 (征集中)

英文释义

Term that describes a market which features higher prices for more distant delivery. If prompt crude is $18/bbl and delivery two months hence is $19/ bbl, the market is said to be in contango. Contango market typically suggests cheaper prices in the near-term because of oversupply or other signs of market weakness. Steep contango, or even supercontango, can encourage banks and large trading houses to store oil and sell it on a forward basis. The company would pocket the difference between carrying costs and the forward sale

中文释义

(征集中)

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