SHFE Releases Restrictions on Zinc Contract Transaction

SHANGHAI, Aug. 22 (SMM) - The Shanghai Futures Exchange (SHFE) released restrictions on zinc contracts transactions.

It decides the maximum positions on ZN1710 and ZN1711 contracts opened by non-futures company members and customers are 2,000, effective August 23, 2017.

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The ceiling limit of day positions opened by accounts belonging to one customer should be the same with that for one customer. Hedging operation is not subject to the constraints.

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Transaction fees for closing positions which are opened on the same day are adjusted to 15 yuan.

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