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Home / Metal News / SHFE to Adjust Trading Margins and Daily Limits to Guard against Risks during 2017 Chinese Qingming Festival
SHFE to Adjust Trading Margins and Daily Limits to Guard against Risks during 2017 Chinese Qingming Festival
Mar 31, 2017 11:01Source:SMM
As the 2017 Chinese Qingming Festival (also known as Tomb-sweeping Day) falls on 2-4, Apr., Shanghai Futures Exchange (SHFE) announced to adjust trading margins and daily limits for risk concerns.
SHANGHAI, Mar. 31 (SMM) – As the 2017 Chinese Qingming Festival (also known as Tomb-sweeping Day) falls on 2-4, Apr., Shanghai Futures Exchange (SHFE) announced to suspend night trading on Mar. 31, and will resume the trading on Apr. 5, with call caution running from 08:55-09:00, and continuous trading will be also resumed on the night of the day.
Trading margins for copper, aluminum and tin will be adjusted from 9 percent to 8 percent, and daily limits will be adjusted from 7 percent to 6 percent. Trading margins for silver will be adjusted from 8 percent to 7 percent, and daily limits will be changed from 6 percent to 5 percent.
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