The margin ratio and limit range of metal futures adjusted in the last period of the National Day holiday

Published: Sep 26, 2018 10:50

SMM, 26 Sep: the notice issued in the previous issue on the relevant work arrangements during the 2018 National Day period adjusts the proportion of trading margin and the margin of ups and downs of various varieties before and after the National Day. The relevant matters are as follows:

There will be no continuous trading on the evening of Friday, September 28, 2018.

The market is closed for the weekend from 29 September (Saturday) to 30 September (Sunday).

The market is closed from Monday, October 1 to Sunday, October 7.

On Monday, October 8, all futures contracts will be subject to collective bidding and continuous trading on the evening of 08 / 55 / 09 / 00.

2. If there is no unilateral market on Thursday, September 27, the ratio of trading margin from the closing date of the day and the margin of the trading margin from the next trading day shall be adjusted as follows:

The trading margin ratio of gold futures contracts is adjusted to 7%, and the limit range is adjusted to 6%.

The trading margin ratio of silver futures contracts is adjusted to 8%, and the limit range is adjusted to 7%.

The trading margin ratio of copper, aluminum and tin futures contracts was adjusted to 9%, and the limit range was adjusted to 7%.

The trading margin ratio of zinc, lead, nickel, hot rolled coil and petroleum asphalt futures contracts was adjusted to 10%, and the limit range was adjusted to 8%.

The trading margin ratio of rebar and natural rubber futures contracts was adjusted to 11%, and the limit range was adjusted to 9%.

The trading margin ratio of fuel oil futures contracts was adjusted to 12%, and the limit was adjusted to 8%.

If the above trading margin ratio, the trading margin and the current rules stipulated by the trading margin ratio, the trading margin is different, then according to the proportion of the two, the implementation of a large range.

3. After trading on Monday, October 8, from the close of the first trading day without a unilateral market, the trading margin ratio of the above futures contracts and the trading margin of the next trading day returned to the original level. Other matters concerning trading margin and trading limit shall be implemented in accordance with the measures for risk Control and Administration of the Shanghai Futures Exchange.

In view of the fact that the National Day is closed for a long time, the recent situation at home and abroad is complex and changeable, and there are many uncertain factors affecting the operation of the market, each member unit is requested to do a good job in risk prevention and promptly implement the relevant contract position limit, integral multiple adjustment, and so on. According to the position and risk situation of investors, we should appropriately increase the proportion of margin collection, strictly manage the entry and exit money of investors, and remind investors to operate cautiously and invest rationally. Please member units and relevant margin depository banks during the holiday period to do a good job in the maintenance of the technical system and network security. Please designate the delivery warehouse to strengthen risk prevention, pay attention to the investigation of all kinds of risks, do a solid job in fire prevention, theft prevention and other safety production work, and maintain the smooth operation of the market.

Annex: list of adjustment of limit range and trading margin ratio of relevant varieties during the National Day period

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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