SHFE Lead Futures Market to Open March 24th -Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Futures movement
  • Zinc
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • Market commentary
  • nickel laterite
  • In the United States
  • Morning comments
  • Nickel ore

SHFE Lead Futures Market to Open March 24th

Data Analysis 09:42:55AM Mar 18, 2011 Source:SMM

SHANGHAI, Mar. 18 (SMM) -- The China Securities Regulatory Commission (CSRC) announced on March 17th to open the SHFE lead futures market on March 24th. According to SHFE, contract months of the lead futures trade are between September 2011 to March 2012, and the benchmark price of new contracts will be released by SHFE on March 23rd. The margin of the SHFE lead futures trade is temporarily set at 11% of the contract value; price limits are equal to 6% of contract value, but limits are 12% on the first trading day. Transaction commissions are set to be 1/10000 of transactions value, with the delivery commission at RMB 2/mt.


Copyright © SMM. All Rights Reserved 

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

 

Key Words:  futures market  lead Pb  SHFE 

Price

more
SMM #1 Nickel
Oct.21
128600.0
-2400.0
(-1.83%)
#1 JinChuan Nickel
Oct.21
128750.0
-2400.0
(-1.83%)
#1 Import Nickel
Oct.21
128550.0
-2300.0
(-1.76%)
JinChuan B&C
Oct.21
10550.0
6000.0
(131.87%)
Russian nickel premium
Oct.21
10300.0
5950.0
(136.78%)

SHFE Lead Futures Market to Open March 24th

Data Analysis 09:42:55AM Mar 18, 2011 Source:SMM

SHANGHAI, Mar. 18 (SMM) -- The China Securities Regulatory Commission (CSRC) announced on March 17th to open the SHFE lead futures market on March 24th. According to SHFE, contract months of the lead futures trade are between September 2011 to March 2012, and the benchmark price of new contracts will be released by SHFE on March 23rd. The margin of the SHFE lead futures trade is temporarily set at 11% of the contract value; price limits are equal to 6% of contract value, but limits are 12% on the first trading day. Transaction commissions are set to be 1/10000 of transactions value, with the delivery commission at RMB 2/mt.


Copyright © SMM. All Rights Reserved 

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

 

Key Words:  futures market  lead Pb  SHFE