Notice on Trading Adjustments During 2023 Mid-Autumn Festival and National Day Holidays
From the settlement on September 27 (Wednesday), 2023, the adjustments of price limits and trading margins of INE, DCE, ZCE, SHFE and GFEX are summarized in the following table under the field “During Holiday”.
The market will resume trading on October 9 (Monday), 2023. As from the first trading day without the limit-locked market, the adjustments of price limits and trading margins of INE, DCE, ZCE, SHFE and GFEX are summarized in the following table under the field “After Holiday”.
If the above adjusted price limits and the trading margins are not consistent with the existing ones, the higher one of the two shall prevail.
Sheet: Adjustments to Price Limits and Trading Margin for 2023 Mid-Autumn Festival and National Day Holidays
Notes: S=Speculation, H=Hedging
Exchange | Product | Before Holiday | During Holiday | After Holiday | |||||||
Price Limit | Trading Margin | Price Limit | Trading Margin | Price Limit | Trading Margin | ||||||
INE | S | H | S | H | S | H | |||||
Crude Oil | ±8% | 10% | 9% | ±10% | 12% | 11% | ±8% | 10% | 9% | ||
LSFO | ±8% | 10% | 9% | ±10% | 12% | 11% | ±8% | 10% | 9% | ||
TSR 20 | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Bonded Copper | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
SCFIS(Europe) | ±10% | 12% | 12% | ±13% | 15% | 15% | ±10% | 12% | 12% | ||
CFFEX | IF | ±10% | 12% | Unchanged | Unchanged | ||||||
IH | ±10% | 12% | Unchanged | Unchanged | |||||||
IC | ±10% | 12% | Unchanged | Unchanged | |||||||
IM | ±10% | 12% | Unchanged | Unchanged | |||||||
IO | ±10% | 12% | Unchanged | Unchanged | |||||||
HO | ±10% | 12% | Unchanged | Unchanged | |||||||
MO | ±10% | 12% | Unchanged | Unchanged | |||||||
TF | ±1.2% | 1.2% | Unchanged | Unchanged | |||||||
TS | ±0.5% | 0.5% | Unchanged | Unchanged | |||||||
T | ±2% | 2% | Unchanged | Unchanged | |||||||
TL | ±3.5% | 3.5% | Unchanged | Unchanged | |||||||
SHFE | S | H | S | H | S | H | |||||
Copper | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Aluminum | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Zinc | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Lead | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Nickel | ±10% | 12% | 11% | ±12% | 14% | 13% | ±10% | 12% | 11% | ||
Tin | ±10% | 12% | 11% | ±12% | 14% | 13% | ±10% | 12% | 11% | ||
Wood Pulp | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Steel Rebar | ±5% | 7% | 6% | ±7% | 9% | 8% | ±5% | 7% | 6% | ||
Wire Rod | ±7% | 8% | 9% | Unchanged | Unchanged | ||||||
Hot-Rolled Coil | ±5% | 7% | 6% | ±7% | 9% | 8% | ±5% | 7% | 6% | ||
Gold | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Silver | ±7% | 9% | 8% | ±9% | 11% | 10% | ±7% | 9% | 8% | ||
Stainless Steel | ±5% | 7% | 6% | ±7% | 9% | 8% | ±5% | 7% | 6% | ||
Fuel Oil | ±8% | 10% | 9% | ±10% | 12% | 11% | ±8% | 10% | 9% | ||
Bitumen | ±8% | 10% | 9% | ±10% | 12% | 11% | ±8% | 10% | 9% | ||
Natural Rubber | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | ||
Aluminum Oxide | ±7% | 9% | 8% | ±9% | 11% | 10% | ±7% | 9% | 8% | ||
Butadiene Rubber | ±10% | 12% | 11% | ±12% | 14% | 13% | ±10% | 12% | 11% | ||
ZCE | Sugar | ±6% (±8% for SR2311) | 7% (15% for SR2311) | ±9% | 10% (15% for SR2311) | ±6% (±8% for SR2311) | 7% (15% for SR2311) | ||||
Cotton Fiber | ±6% (±10% for CF2311& 2401, ±8% for CF2403&2405) | 7% (12% for CF2311&2401, 9% for CF2403&2405) | ±9% (±10% for CF2311&2401) | 10% (12% for CF2311&2401) | ±6% (±10% for CF2311&2401, ±8% for CF2403&2405) | 7% (12% for CF2311&2401, 9% for CF2403&2405) | |||||
Wheat PM | ±7% | 15% | Unchanged | Unchanged | |||||||
Wheat WH | ±7% | 15% | Unchanged | Unchanged | |||||||
Early Rice | ±7% | 15% | Unchanged | Unchanged | |||||||
Late Indica Rice | ±7% | 15% | Unchanged | Unchanged | |||||||
Japonica Rice | ±7% | 15% | Unchanged | Unchanged | |||||||
Rapeseed Meal | ±8% | 9% | ±9% | 10% | ±8% | 9% | |||||
Rapeseed | ±10% | 20% | Unchanged | Unchanged | |||||||
Rapeseed Oil | ±8% | 9% | ±9% | 10% | ±8% | 9% | |||||
Cotton Yarn | ±6% | 7% | ±9% | 10% | ±6% | 7% | |||||
Apple | ±9% | 10% | Unchanged | Unchanged | |||||||
Chinese Jujube | ±10% | 12% | Unchanged | Unchanged | |||||||
Thermal Coal | ±20% | 50% | Unchanged | Unchanged | |||||||
PTA | ±6% | 7% | ±9% | 10% | ±6% | 7% | |||||
Methanol | ±7% (±8% for MA2401) | 8% (10% for MA2401) | ±9% | 10% | ±7% (±8% for MA2401) | 8% (10% for MA2401) | |||||
Flat Glass | ±10% | 12% | Unchanged | Unchanged | |||||||
Ferrosilicon | ±10% | 12% | Unchanged | Unchanged | |||||||
Silicon Manganese | ±10% | 12% | Unchanged | Unchanged | |||||||
Urea | ±7% (±8% for UR2310&2311&2312&2401) | 8% (10% for UR2310&2311&2312&2401) | ±9% | 10% | ±7% (±8% for UR2310&2311&2312&2401) | 8% (10% for UR2310&2311&2312&2401) | |||||
Paraxylene | ±10% | 12% | Unchanged | Unchanged | |||||||
Sodium Hydroxide | ±7% | 9% | ±10% | 12% | ±10% | 12% | |||||
Soda Ash | ±10% | 12% | Unchanged | Unchanged | |||||||
Polyester Staple Fiber | ±7% | 8% | ±9% | 10% | ±7% | 8% | |||||
Peanut Kernel | ±7% | 8% | ±9% | 10% | ±7% | 8% | |||||
DCE | S | H | S | H | S | H | |||||
Iron Ore | ±11% | 13% | 11% | Unchanged | Unchanged | ||||||
Coke | ±15% | 20% | 15% | Unchanged | Unchanged | ||||||
Coking Coal | ±15 | 20% | 15% | Unchanged | Unchanged | ||||||
No.1 Soybean | ±6% | 8% | 7% | Unchanged | Unchanged | ||||||
No. 2 Soybean | ±6% | 8% | 7% | ±9% | 11% | 10% | ±6% | 8% | 7% | ||
Soybean Meal | ±6% | 7% | 7% | ±9% | 10% | 10% | ±6% | 7% | 7% | ||
Soybean Oil | ±6% | 7% | 7% | ±9% | 10% | 10% | ±6% | 7% | 7% | ||
RBD Palm Oil | ±7% | 8% | 8% | ±9% | 10% | 10% | ±7% | 8% | 8% | ||
Corn | ±6% | 8% | 7% | Unchanged | Unchanged | ||||||
Corn Starch | ±5% | 6% | 6% | Unchanged | Unchanged | ||||||
Polished Round-grained Rice | ±5% | 6% | 5% | Unchanged | Unchanged | ||||||
Egg | ±6% | 8% | 7% | ±7% | 9% | 8% | ±7% | 8% | 7% | ||
Live Hog | ±8% | 12% | 8% | Unchanged | Unchanged | ||||||
LLDPE | ±6% | 7% | 7% | ±7% | 8% | 8% | ±6% | 7% | 7% | ||
PP | ±6% | 7% | 7% | ±7% | 8% | 8% | ±6% | 7% | 7% | ||
PVC | ±6% | 7% | 7% | ±7% | 8% | 8% | ±6% | 7% | 7% | ||
Ethylene Glycol | ±7% | 8% | 8% | ±9% | 10% | 10% | ±7% | 8% | 8% | ||
Ethenyl-benzene | ±7% | 8% | 8% | ±9% | 10% | 10% | ±7% | 8% | 8% | ||
LPG | ±7% | 8% | 8% | ±9% | 10% | 10% | ±7% | 8% | 8% | ||
Fiberboard | ±5% | 10% | 10% | Unchanged | Unchanged | ||||||
Blockboard | ±5% | 40% | 40% | Unchanged | Unchanged | ||||||
GFEX | Industrial Silicon | ±7% | 9% (10% for SI2310) | ±9% | 11% | ±7% | 9% (10% for SI2310) | ||||
Lithium Carbonate | ±7% | 9% | ±9% | 11% | ±7% | 9% | |||||
INE/SHFE/ZCE/DCE/GFEX
September 22, 2023
For more details, please refer to the links:
SHFE:
https://www.shfe.com.cn/news/notice/911403652.html (Chinese)
INE:
https://www.shfe.com.cn/news/notice/911403652.html (Chinese)
https://www.shfe.com.cn/eng/circularnews/circular/911403651.html (English)
ZCE:
http://www.czce.com.cn/cn/gyjys/jysdt/ggytz/webinfo/2023/09/1689465425864137.htm (Chinese)
http://english.czce.com.cn/en/AboutUs/News/ggytz/webinfo/2023/09/1689465426268927.htm (English)
DCE:
http://www.dce.com.cn/dalianshangpin/ywfw/jystz/ywtz/8579471/index.html (Chinese)
http://www.dce.com.cn/DCE/tradingclearing/Exchange%20Notice/8579478/index.html (English)
GFEX:
http://www.gfex.com.cn/gfex/tzts/202309/7d451f7bd7214f59b05ffdcb662b2493.shtml (Chinese)