DCE: Adjustments to the Price Limit and Trading Margin Levels for Related Futures Contracts During the 2025 Labor Day Holiday

DCE issued a notice regarding the adjustment of price limit ranges and trading margin levels for related futures contracts during the 2025 Labor Day holiday.

The original text is as follows:

Notice on the Adjustment of Price Limit Ranges and Trading Margin Levels for Related Futures Contracts During the 2025 Labor Day Holiday

To all member units:

In accordance with the "Dalian Commodity Exchange Risk Management Measures," after research and decision, our exchange will adjust the price limit ranges and trading margin levels for various futures contracts before and after the 2025 Labor Day holiday as follows:

Starting from the settlement on April 29, 2025 (Tuesday), the price limit range for iron ore futures contracts will be adjusted to 10%, and the trading margin level will be adjusted to 12%; the price limit range for coke futures contracts will be adjusted to 9%, and the trading margin level will remain unchanged; the price limit range for coking coal futures contracts will be adjusted to 9%, and the trading margin level will be adjusted to 13%; the price limit ranges for No. 1 yellow soybean, No. 2 yellow soybean, soybean meal, soybean oil, linear low-density polyethylene, polypropylene, and polyvinyl chloride futures contracts will be adjusted to 8%, and the trading margin levels will be adjusted to 9%; the price limit range for palm oil futures contracts will be adjusted to 9%, and the trading margin level will be adjusted to 10%; the price limit ranges for corn and egg futures contracts will be adjusted to 7%, and the trading margin levels will be adjusted to 8%; the price limit range for corn starch futures contracts will be adjusted to 6%, and the trading margin level will be adjusted to 7%; the price limit range for live hog futures contracts will be adjusted to 7%, and the trading margin level will be adjusted to 9%; the price limit ranges for ethylene glycol, styrene, and liquefied petroleum gas futures contracts will be adjusted to 10%, and the trading margin levels will be adjusted to 11%; the price limit ranges and trading margin levels for other futures contracts will remain unchanged.

After the resumption of trading on May 6, 2025 (Tuesday), starting from the settlement on the first trading day when the contract with the largest open interest for each variety does not experience a unilateral continuous no-quote price limit, the following adjustments will be made:

The price limit ranges and trading margin levels for iron ore, coke, coking coal, No. 1 yellow soybean, No. 2 yellow soybean, soybean meal, soybean oil, palm oil, corn, corn starch, eggs, live hogs, linear low-density polyethylene, polypropylene, polyvinyl chloride, ethylene glycol, styrene, and liquefied petroleum gas futures contracts will be restored to pre-holiday standards. The price limit ranges and trading margin levels for other futures contracts will remain unchanged.

Table: Comparison of Risk Control Parameters for Various Futures Contracts Before and After the Labor Day Adjustment by Our Exchange

For contracts that simultaneously meet the requirements of the "Dalian Commodity Exchange Risk Management Measures" regarding the adjustment of price limit ranges and trading margins, the price limit range and trading margin will be executed according to the larger value specified in the regulations.

All member units are requested to provide risk warnings to clients, strengthen market risk prevention, and ensure the stable operation of the market.

This is hereby notified.

Dalian Commodity Exchange

April 24, 2025

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