Home / Metal News / SHFE Raises Trading Margins and Daily Limits around 2017 Chinese New Year Holiday

SHFE Raises Trading Margins and Daily Limits around 2017 Chinese New Year Holiday

iconJan 26, 2017 15:01
Source:SMM
Shanghai Futures Exchange (SHFE) announced to suspend night trading on January 26 and the bourse will resume the trading on February 3, with call auction running from 08:55 to 09:00.

SHANGHAI, Jan. 26 (SMM) - Shanghai Futures Exchange (SHFE) announced to suspend night trading on January 26 and the bourse will resume the trading on February 3, with call auction running from 08:55 to 09:00, and continuous trading will be also resumed. 

SHFE also adjusted trading margins and daily limits, with deals as below. 

Trading margins for gold will be raised to 9% from 6% and its daily limits to 7% from 5%. Trading margins for silver will be increased to 11% from 8% and its daily limits will be raised to 8% from 6%.Trading margins for copper, aluminum, zinc, lead, tin, nickel, rebar, hot rolling, natural rubber and bitumen to 11% from 9% and their daily limits will be increased to 8% from 7%.Trading margins for wire and fuel oil will be unchanged at 20% and their daily limits will be raised to 7% from 5%. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals
base metal prices
base metal price forecast
SHFE
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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news