SHFE Raises Trading Margins and Daily Limits around 2017 Chinese New Year Holiday

SHANGHAI, Jan. 26 (SMM) - Shanghai Futures Exchange (SHFE) announced to suspend night trading on January 26 and the bourse will resume the trading on February 3, with call auction running from 08:55 to 09:00, and continuous trading will be also resumed. 

SHFE also adjusted trading margins and daily limits, with deals as below. 

Trading margins for gold will be raised to 9% from 6% and its daily limits to 7% from 5%. Trading margins for silver will be increased to 11% from 8% and its daily limits will be raised to 8% from 6%.Trading margins for copper, aluminum, zinc, lead, tin, nickel, rebar, hot rolling, natural rubber and bitumen to 11% from 9% and their daily limits will be increased to 8% from 7%.Trading margins for wire and fuel oil will be unchanged at 20% and their daily limits will be raised to 7% from 5%. 

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