| 词汇 | backwardation |
| 释义 | backwardation noun[ U ] uk /ˌbækwəˈdeɪʃn/ us /-wɚd/ FINANCE, STOCK MARKET a situation in which the price of a commodity (= a product, such as oil or a metal, that is traded in large quantities) is lower if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately: Silver has been in backwardation for the past five weeks. Compare contango Examples of backwardationbackwardation Often it is not possible to make backwardation historic adjust ments? From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The opposite market condition to contango is known as normal backwardation. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. If spot prices of gold or silver are permanently above their futures price, the precious metals market is going into permanent backwardation. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. However, many commodities markets are frequently in backwardation, especially when the seasonal aspect is taken into consideration, e.g., perishable and/or soft commodities. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Soft commodities have been known to adopt a backwardation trend until the late 1990s when futures were actively traded. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The equilibrium futures price can be either below or above the (rationally) expected future price (backwardation or contango)... From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. It is argued that backwardation is abnormal, and suggests supply insufficiencies in the corresponding (physical) spot market. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A market is in backwardation when the futures price is below the expected future spot price for a particular commodity. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Backwardation very seldom arises in money commodities like gold or silver. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. For example, if it costs more to lease silver for 30 days than for 60 days, it might be said that the silver lease rates are in backwardation. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. If there is a near-term shortage, the price comparison breaks down and contango may be reduced or perhaps even reverse altogether into a state called backwardation. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This rolling procedure was adopted given the historical tendency for energy curves to be in backwardation and metal and agricultural forward curves to be in contango. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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