Newssummary: Shanghai to Launch Nickel and Tin Futures Contracts Soon, with Opinion Soliciting Underway

Published: Jan 23, 2015 15:30

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Shanghai Futures Exchange (SHFE) has begun to solicit public opinion on draft regulations of nickel and tin futures contracts, local media reported.

SHANGHAI, Jan. 23 (SMM) – Shanghai Futures Exchange (SHFE) has begun to solicit public opinion on draft regulations of nickel and tin futures contracts, local media reported.

In accordance with the proposed draft, nickel and tin futures contracts both will be traded in unit of 1 ton/lot with trading code NI and SN. The daily price limit will be ±4%, with minimum transaction margin 5% of contract value trading.

Markets expect the two products to be traded in the SHFE soon after opinion soliciting, and outlook for nickel futures trading will be bright.

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