contango
The oil market is in violent contango right now.
石油市场已经进入剧烈的顺价差之中了。
Some blame this device for pushing the market into contango.
一些人谴责这种将市场推向升水的做法。
The reason, as I've written about time and time again, is contango.
其原因，正如我已经一遍又一遍写过的，是“顺价差”（译注：期货价格高于现货价格）。
Contango incentivizes those who can afford to hold oil to hold on to it.
“升水”刺激那些能负担得起的人把石油握在手里。
With low rates, there isn't sufficient contango to create higher prices in the out years.
在低利率的情况下，就不会有足够的递延费来创建未来年份的高价格。
One of the most striking short-term pulls on oil prices is a futures-market condition called contango.
支撑油价的最为令人注目的短期措施之一是期货市场上所谓的“升水”。
Those higher charges ought to be reflected in higher priced forward oil contracts, steepening the contango.
这些成本上升应当会反映在远期合约价格上涨中，从而导致期货升水幅度扩大。
CONTANGO AND INVERSION All futures markets offer contracts for several delivery months at the same time.
溢价和反转所有的期货市场都提供不同交割期的合约。
Some take hope from the upward slope of the oil-futures curve, known as contango, interpreting it as indicating higher prices ahead.
有些人从上升的石油期货曲线中看到了希望，认为这表明未来会有更高的价格。
This contango effect killed oil investors in January, according to Standard and Poor's, which runs the most important commodity index in the world.
这种“顺价差”的影响将在1月份使石油投资者遭受损失，标准普尔是这样认为的，它经营世界上最重要的商品指数。
Normally, the nearby months are less expensive than the faraway months, and that relationship is called a contango market.
通常，近期合约比远期合约便宜，这个关系叫溢价市场。
One explanation why tanker rates moved up is speculation that oil speculators have been using tankers to hold physical oil, made possible by a large contango in oil prices.
对油轮运费上涨的一个解释是，由于原油的期货价格高于现货，市场猜测石油投机者可能一直在使用油轮储存现货石油。
In addition, We find there exist obvious asymmetry between the contango and backwardation market and between the long and short hedgers.An explanation is offered.
此外发现正向市场和反向市场间、买方和卖方套期保值者间存在明显的不对称性，并对之进行了解释。
Taken to its extreme, it would imply the crude oil curve will be perpetually in contango not least given the surge in funds tracking commodity indices since 2005.
按照这种逻辑，既然2005年以来跟踪初级产品指数的资金出现了急剧增长，那么油价曲线应该一直处于期货升水状态。
Aluminum's cash-to-three month spread is now back in contango, last quoted at negative $9.75/ton at 1126 GMT.This compares to a slight backwardation of $2.50/ton a week ago.
目前现货对三月期铝价又重新回到了顺价结构，格林威治时间1126，现货对三月期铝价价差为-9.75美元，相比之下一周前现货对三月期铝价倒挂为每吨2.50美元。
This switch from backwardation to contango indicated ample inventories relative to demand in the spot markets.Those who held inventories had no incentive to loan them to the spot market.
也就是说，北京关于用一种人工的一揽子“货币”（国际货币基金组织的特别提款权）来代替世界储备货币（美元）的意见所带来的问题比能解答的问题更多。
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。
While a contango, the more common scenario with futures, implies that nearby contracts are cheaper than forward ones, backwardation refers to the opposite scenario, in which nearby prices are higher.
然而未来铝价呈现顺价结构将会成为一种更为普遍的现象，这意味着近期合约价格要比远期合约价格更低，而铝价倒挂的情况刚刚相反。
There is good support below around the $40 region but due to the large contango seen of late if this psychological level is broken there is plenty of “fresh air” on the way to $35.
良好支撑位在低于约40美元位置，但由于延期在后期才出现，如果市场冲破心理关口，市场会造成很多空间达至35美元位置。
Engage in contango operations as a taker
期货溢价交易
engage in contango operations as a taker in
期货溢价交易
a contango day
交割限期日
contango or making-up day
[经] 升水或贴水日
contango rate
[经] 升水率, 贴水率
contango transaction
[经] 延续交易
backwardation contango
交割延期费
contango
n.期货溢价,交易延期费,延期日息 v.付交易延期费
contango day
n. 交割限期日
contango dealing
延期交割交易
contango price of money
延期日息