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Home / Metal News / SHFE Takes Restriction Measures on HC1710 and HC1801 Contracts

SHFE Takes Restriction Measures on HC1710 and HC1801 Contracts

iconAug 24, 2017 16:42
Source:SMM
Shanghai Futures Exchange (SHFE) announced than non-futures company members or clients shall not open more than 3,000 lots on HC1710 and HC1801 contracts within one single trading day from Aug. 25.

SHANGHAI, Aug. 24 (SMM) - Shanghai Futures Exchange (SHFE) announced than non-futures company members or clients shall not open more than 3,000 lots on HC1710 and HC1801 contracts within one single trading day from Aug. 25, 2017. 

For accounts with real control relationship, the single account shall be referred to in terms of the above restrictions. Hedging is exempted from this restriction. 

State Council: China to Accelerate Capacity Cuts in Aluminum and Other Sectors and Strictly Control New Ones

The bourse also decided to raise the commission fee for position closing of HC1710 and HC1801 contracts from 1‱ to 5 ‱ of transaction price from Aug. 25, 2017. 

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

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