How is the E-mini future price determined?

How is the E-mini future price determined?
I see sometimes bidding & asking price is same
I heard that the price is determined regardless supply & demand.
 
If the market is open then the bid and ask won't be the same. Supply and demand are the only thing that determines the price.

Of course there are a lot of sources of supply and demand (arbitrageurs, hedgers, speculators) and they aren't easy to forecast.
 
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