SHANGHAI, May 25 (SMM) - Shanghai Futures Exchange (SHFE) will be closed from May 28-30 for the 2017 Dragon Boat Festival, and the bourse announced risk management rules for trading around the festival.
According to the Exchange, in the absence of a limit-locked market on May 26, trading margin requirements on natural rubber and rebar will rise from 9% to 10%, and their price limits from 7% to 8%. Trading margin requirements and price limits of other futures products on the Exchange remain unchanged.
When the trading resumes on May 31, in the absence of price limits, trading margin requirements on zinc, lead, nickel, hot rolled coil and bitumen will decrease from 9% to 8%, and price limits from 7% to 6%. And requirements of trading margin and price limits on natural rubber and rebar will be restored to the original level.