Notice on Trading Adjustments for 2024 Spring Ferival Holiday
From the settlement on February 7th (Wednesday), 2024, 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 February 19th (Monday), 2024. 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 2024 Spring Festival Holiday
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% | ±11% | 13% | 12% | ±8% | 10% | 9% | |||
LSFO | ±8% | 10% | 9% | ±11% | 13% | 12% | ±8% | 10% | 9% | |||
TSR 20 | ±6% | 8% | 7% | ±9% | 11% | 10% | ±6% | 8% | 7% | |||
Bonded Copper | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 8% | 7% | |||
SCFIS(Europe) | ±20 | 22% | 22% | ±25 | 27% | 27% | ±20 | 22% | 22% | |||
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% | ±13% | 15% | 14% | ±10% | 12% | 11% | |||
Tin | ±10% | 12% | 11% | ±13% | 15% | 14% | ±10% | 12% | 11% | |||
Aluminium Oxide | ±7% | 9% | 8% | ±10% | 12% | 11% | ±7% | 9% | 8% | |||
Wood Pulp | ±6% | 8% | 7% | ±9% | 11% | 10% | ±6% | 8% | 7% | |||
Steel Rebar | ±5% | 7% | 6% | ±7% | 9% | 8% | ±5% | 7% | 6% | |||
Wire Rod | ±7% | 9% | 8% | ±9% | 11% | 10% | ±7% | 9% | 8% | |||
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% | ±11% | 13% | 12% | ±8% | 10% | 9% | |||
Bitumen | ±8% | 10% | 9% | ±11% | 13% | 12% | ±8% | 10% | 9% | |||
Butadiene Rubber | ±10% | 12% | 11% | ±12% | 14% | 13% | ±10% | 12% | 11% | |||
Natural Rubber | ±6% | 8% | 7% | ±9% | 11% | 10% | ±6% | 8% | 7% | |||
ZCE | Sugar | ±6% | 7% | ±9% | 10% | ±6% | 7% | |||||
Cotton Fiber | ±6% (±8% for CF2403 and CF2405) | 7% (9% for CF2403 and CF2405) | ±9% | 10% | ±6% | 7% | ||||||
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% | ±6% | 7% | ||||||
Rapeseed | ±10% | 20% | Unchanged | Unchanged | ||||||||
Rapeseed Oil | ±8% | 9% | ±9% | 10% | ±6% | 7% | ||||||
Cotton Yarn | ±6% | 7% | ±9% | 10% | ±6% | 7% | ||||||
Apple | ±9% | 10% | Unchanged | Unchanged | ||||||||
Chinese Jujube | ±10% | 12% | Unchanged | Unchanged | ||||||||
Thermal Coal | ±10% | 50% | Unchanged | Unchanged | ||||||||
PTA | ±6% | 7% | ±9% | 10% | ±6% | 7% | ||||||
Methanol | ±7% | 8% | ±9% | 10% | ±7% | 8% | ||||||
Flat Glass | ±10% | 12% | Unchanged | Unchanged | ||||||||
Ferrosilicon | ±10% | 12% | Unchanged | ±8% | 9% | |||||||
Manganese Silicon | ±10% | 12% | Unchanged | ±8% | 9% | |||||||
Urea | ±7% (±9% for UR2402,UR2403,UR2404 and UR2405) | 8% (11% for UR2403,UR2404 and UR2405) | ±9% | 11% | ±7% | 8% | ||||||
Soda Ash | ±10% | 12% | Unchanged | Unchanged | ||||||||
Polyester Staple Fiber | ±7% | 8% | ±9% | 10% | ±7% | 8% | ||||||
Paraxylene | ±10% | 12% | Unchanged | Unchanged | ||||||||
Sodium Hydroxide | ±10% | 12% | Unchanged | Unchanged | ||||||||
Peanut Kernel | ±7% | 8% | Unchanged | Unchanged | ||||||||
DCE | S | H | S | H | S | H | ||||||
Iron Ore | ±11% | 15% | 11% | ±13% | 17% | 13% | ±11% | 15% | 11% | |||
Coke | ±8% | 20% | 15% | ±10% | 20% | 15% | ±8% | 20% | 15% | |||
Coking Coal | ±8% | 20% | 15% | ±10% | 20% | 15% | ±8% | 20% | 15% | |||
No. 1 Soybean | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 7% | 7% | |||
No. 2 Soybean | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 7% | 7% | |||
Soybean Meal | ±6% | 7% | 7% | ±8% | 10% | 10% | ±6% | 7% | 7% | |||
Soybean Oil | ±6% | 7% | 7% | ±8% | 10% | 10% | ±6% | 7% | 7% | |||
RBD Palm Oil | ±7% | 8% | 8% | ±9% | 11% | 11% | ±7% | 8% | 8% | |||
Corn | ±6% | 8% | 7% | ±7% | 9% | 8% | ±6% | 7% | 7% | |||
Corn Starch | ±5% | 6% | 6% | ±6% | 8% | 8% | ±5% | 6% | 6% | |||
Polished Round-grained Rice | ±5% | 6% | 5% | ±6% | 8% | 6% | ±5% | 6% | 6% | |||
Egg | ±6% | 8% | 7% | ±8% | 10% | 9% | ±6% | 7% | 7% | |||
Live Hog | ±6% | 8% | 8% | ±8% | 10% | 10% | ±6% | 8% | 8% | |||
LLDPE | ±6% | 7% | 7% | ±8% | 10% | 10% | ±6% | 7% | 7% | |||
PP | ±6% | 7% | 7% | ±8% | 10% | 10% | ±6% | 7% | 7% | |||
PVC | ±6% | 7% | 7% | ±8% | 10% | 10% | ±6% | 7% | 7% | |||
Ethylene Glycol | ±7% | 8% | 8% | ±9% | 11% | 11% | ±7% | 8% | 8% | |||
Ethenyl-benzene | ±7% | 8% | 8% | ±9% | 11% | 11% | ±7% | 8% | 8% | |||
LPG | ±7% | 8% | 8% | ±9% | 11% | 11% | ±7% | 8% | 8% | |||
Fiberboard | ±5% | 10% | 10% | Unchanged | Unchanged | |||||||
Blockboard | ±5% | 40% | 40% | Unchanged | Unchanged | |||||||
GFEX | S | H | ||||||||||
Industrial Silicon | ±7% | 9% | ±9% | 11% | ±6% | 8% | 7% | |||||
lithium carbonate | ±13% | 14% | ±15% | 16% | ±10% | 12% | 11% | |||||
INE/SHFE/ZCE/DCE/GFEX
February 5, 2024
For more details, please refer to the links:
SHFE:
https://www.shfe.com.cn/news/notice/911404243.html (Chinese)
INE:
https://www.ine.cn/news/notice/130985.html (Chinese)
https://www.ine.cn/eng/circularnews/circular/130986.html (English)
ZCE:
http://www.czce.com.cn/cn/gyjys/jysdt/ggytz/webinfo/2024/02/1708567656444739.htm (Chinese)
http://english.czce.com.cn/en/AboutUs/News/ggytz/webinfo/2024/02/1708567657045634.htm (English)
DCE:
http://www.dce.com.cn/dalianshangpin/ywfw/jystz/ywtz/8592340/index.html (Chinese)
http://www.dce.com.cn/DCE/tradingclearing/Exchange%20Notice/8592344/index.html (English)
GFEX: http://www.gfex.com.cn/gfex/tzts/202402/a093856ebed74c9494be73a20c2db9e1.shtml (Chinese)