Wednesday April 1 2020
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: China
Link: https://bit.ly/3bG0DrJ
On 31st March 2020, the Dalian Commodity Exchange (DCE) announced following adjustments to the price limits and the trading margins for futures contracts of each product before and after the 2020 Qingming Festival Holidays.
From the settlement on April 2nd, 2020 (Thursday), the price limits and the trading margins of iron ore futures will be adjusted and after the trading is resumed on April 7th, 2020 (Tuesday), from the settlement of the first trading day when the situation that the one-direction non-continuous quotation under the price limit does not occur on the contract with the largest open interests of one product.
Adjustments to Risk Parameters of Relevant Products During 2020 Qingming Festival Holidays:
| Product | Present | During Qingming Festival Holidays (From Settlement on Apr. 2 to Apr. 7) | After Qingming Festival Holidays | ||||
| Price Limit | Trading Margin | Price Limit | Trading Margin | Price Limit | Trading Margin | ||
| Speculation | Hedging | ||||||
| Iron Ore | 7% | 8% | 8% | 10% | 7% | 8% | 7% |
| Metallurgical Coke | 7% | 8% | 7% | 8% | 7% | 8% | 7% |
| Coking Coal | 7% | 8% | 7% | 8% | 7% | 8% | 7% |
| No.1 Soybean | 5% | 6% | 7% | 8% | 7% | 8% | 7% |
| No.2 Soybean | 5% | 6% | 7% | 8% | 7% | 8% | 7% |
| Soybean Meal | 5% | 6% | 7% | 8% | 7% | 8% | 7% |
| Soybean Oil | 5% | 6% | 7% | 8% | 7% | 8% | 7% |
| RBD Palm Olein | 6% | 7% | 7% | 8% | 7% | 8% | 7% |
| Corn | 4% | 5% | 5% | 6% | 5% | 6% | 5% |
| Corn Starch | 4% | 5% | 5% | 6% | 5% | 6% | 5% |
| Polished Round-grained Rice | 4% | 5% | 5% | 6% | 5% | 6% | 5% |
| Egg | 6% | 7% | 6% | 7% | 6% | 7% | 6% |
| LLDPE | 6% | 7% | 7% | 8% | 7% | 8% | 7% |
| PP | 6% | 7% | 7% | 8% | 7% | 8% | 7% |
| PVC | 5% | 6% | 7% | 8% | 7% | 8% | 7% |
| EG | 9% | 11% | 9% | 11% | 9% | 11% | 9% |
| EB | 9% | 11% | 9% | 11% | 9% | 11% | 9% |
| LPG | 7% | 8% | 7% | 8% | 7% | 8% | 7% |
| Fiberboard | 5% | 10% | 5% | 10% | 5% | 10% | 10% |
| Blockboard | 5% | 20% | 5% | 20% | 5% | 20% | 20% |
Click on the above link for further information.
