Mr Rudden says investors should look at commodity futures, rather than pure commodities, to take advantage of "backwardation" in these markets ( see opposite page).

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And a further boost to returns will come from the fact that the futures curves in many important commodity markets have recently shifted from contango to backwardation, meaning commodities for immediate delivery now command a premium.

而以下事实还将进一步推高大宗商品投资的回报率：很多重要大宗商品市场的期货曲线走势，近来从期货溢价转向现货溢价，也就是说眼下立即交货的大宗商品存在溢价。

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It also shows that the cause of backwardation is that a steady relation exists between spot price and future price, and divergence of this stable relationship generates contango in short-term.

石油现货价格和期货价格存在长期稳定关系，这种稳定关系产生了延期交割费，当这一稳定关系在短期会发生偏离，这时就会产生期货溢价。

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In July, the futures market for global benchmark Brent crude flipped out of backwardation& when the front-month contract is more expensive that contracts for delivery in later months.

7月份，作为全球油价基准的布伦特原油期货价格脱离了倒价结构。

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In Shanghai, copper futures continue to be in backwardation – which means that future prices are lower than current prices.

在上海，期铜价格继续维持现货升水行情，即期货价格低于现货价格。

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The price of cotton for immediate delivery is trading at a large premium to cotton for delivery next year a situation known as "backwardation" indicating a lack of available supplies.

即期交割的棉花价格较明年交割的棉花价格有大幅溢价即所谓的“远期贴水”，表明可用供给不足。

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In July, the futures market for global benchmark Brent crude flipped out of backwardation--when the front-month contract is more expensive that contracts for delivery in later months.

7月份，作为全球油价基准的布伦特原油期货价格脱离了倒价结构。所谓倒价结构，是指近月合约的期货价格高于远月合约的价格。

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Fatigue lifetime of valve springs contains two parts: lifetime crack initiation and another for crack propagation.

疲劳寿命一般包括疲劳裂纹萌生寿命和裂纹扩展寿命两部分.

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The rolling contact fatigue life was found to be markedly related the subsurface crack propagation angle.

理论分析和试验结果表明,接触疲劳寿命与次表面裂纹扩展角之间存在着明显的对应关系.

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High-strength alloy steels can experience rapid crack propagation from stress corrosion under certain loading conditions.

高强度合金钢在一定的载荷下承受应力腐蚀会造成裂纹的快速扩展.

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The fracture procedure is a whole process of crack initiation, crack propagation and final fracture.

材料断裂过程为裂纹萌生、扩展和最后断裂过程,组织及实验条件对材料断裂有较大影响.

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Meanwhile , this work shows that crack propagation is limited and stable under cyclic compression.

研究表明,裂纹在循环压缩载荷作用下的扩展能力是有限的、稳定的.

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Shlyannikov , Z . B . Kuang , F . P . Yang ( 2004 ), Surface fatigue crack growth behavior , Russian journal Power Engineering Problems.

杨凤鹏, 林卓英 ( 2004 ), 表面裂纹疲劳扩展的试验, 北京科技大学学报.

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The traditional theory of propagation of fatigue crack is transformed by the closure phenomenon of crackfatigue.

疲劳裂纹的闭合现象改变了传统的疲劳裂纹扩展理论.

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In the present work discovering cutter mark of machining become surface fatigue crack fountain.

在试验过程中发现,疲劳裂纹源多为机加工留在表面的刀痕、划痕.

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The result showed that the cause of leakage is large stress low cycle fatigue crack.

结果表明:泄漏是由大应力低周疲劳开裂造成的.

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The fatigue testing heterogeneous plates showed that the mechanical heterogeneity affected the fatigue crack growth rate.

试验表明,力学不均匀性影响疲劳裂纹扩展速率.

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The result shows that torque, fatigue crack and material are the main reasons for the breakage.

认为扭振、疲劳裂纹及材质是导致万向接轴扁头断裂的主要原因.

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The fatigue crack under thermal load extension is analyzed in this paper.

用试验的方法研究了热疲劳裂纹的扩展过程.

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Space craft orbital mechanics theory and research method were reviewed. The evolution dynamics principle was analyzed.

总结了与演变过程相关的轨道运动理论和研究方法,分析了各个阶段演变的动力学原理.

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The space-craft will circle the moon twice.

宇宙飞船将环绕月球两次.

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