Question

帮忙人工翻译下好么？

在期货市场上，现货的价格低于期货的价格，则基差为负数，远期期货的价格高于近期期货的价格，这种情况叫“期货升水”，也称“现货贴水”，远期期货价格超出近期货价格的部分，称“期货升水率”（CONTANGO）；如果远期期货的价格低于近期期货的价格、现货的价格高于期货的价格，则基差为正数，这种情况称为“期货贴水”，或称“现货升水”，远期期货价格低于近期期货价格的部分，称“期货贴水率”（BACKWARDATION）。
升贴水是期货交易中的一个重要概念。它最初是指某种商品的现货价格与该商品期货价格之差。也就是期货市场上的基差概念。现在这个概念的范畴已被拓广，可以泛指为：（1）某种商品现货月与交割月或不同交割月份间的价格关系；（2）实物交割中替代交割物与标准交割物间的价格关系；（3 ）某种商品跨年度交割的价格关系；（4）某种商品不同交割地之间的价格关系等。 由于升贴水反映了某种商品在一定条件下的特定价格关系，升贴水的变化对期货价格的影响非常大，因此投资者都非常关注升贴水的变化。

Answer 1

很高兴问您服务：英语翻译：In the futures market, spot prices are lower than futures prices, the base difference is negative, long-term futures price is higher than the recent futures prices, this situation is called "contango, " also called "cash premium ", well Futures prices on the part beyond the near futures price, called "contango rate"(CONTANGO); if the long-term futures prices are lower than the recent futures prices, spot prices higher than futures prices, the basic difference is positive, it A situation referred to as "futures premium ", or "backwardation", long-term futures prices are lower than the recent futures prices of the parts, called "futures Tie Shuilv"(BACKWARDATION).
Premiums and discounts is an important concept in futures trading. It was originally refers to the spot price of a commodity and the commodity futures price difference. That is the basic difference between the futures market concept. Now the scope of this concept has been extension, it can mean: (1) spot month and the delivery of a commodity or a different delivery month on the price relationship between; (2) physical delivery of materials and standards in the delivery of alternative delivery between physical Price relationships; (3) multi-year delivery of a commodity price relationships; (4) delivery to a commodity prices between the different relations. Reflects the premiums and discounts under certain conditions, a commodity-specific price relationships, changes in premiums and discounts the impact of futures prices is very large, so investors are very concerned about the changes in premiums and discounts.