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Home / Metal News / SHFE Announces Ceiling for Positions Opened on Zinc, Lead for Non-Futures Investors

SHFE Announces Ceiling for Positions Opened on Zinc, Lead for Non-Futures Investors

iconNov 30, 2016 17:03
The Shanghai Futures Exchange (SHFE) decides ceiling for positions opened on zinc and lead contracts by non-futures companies or customers, according to its website.

SHANGHAI, Nov. 30 (SMM) - The Shanghai Futures Exchange (SHFE) decides ceiling for positions opened on zinc and lead contracts by non-futures companies or customers, according to its website.

Daily positions opened on SHFE 1701 and SHFE 1702 zinc contracts by non-futures companies and customers shall be no more than 1,500 apiece. Those on SHFE 1701 and SHFE 1702 lead contracts shall be no more than 1,000 apiece.

Such regulation will be effective starting the night session of November 30.

The ceiling refers to the total of long and short positions. Positions opened for hedge operation will not be subject to this limit.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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Shanghai Futures Exchange (SHFE)
lead
zinc
positions
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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