Skip to main content

INE:Trading Adjustments for the Mid-Autumn Festival and the National Day 2020

 Shanghai International Energy Exchange has released its Circular on Trading Adjustments for the Mid-Autumn Festival and the National Day 2020 as follows:

In accordance with the Trading Schedule during National Holidays for Year 2020, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments for the Mid-Autumn Festival and the National Day 2020 as follows:

1. The market will be closed on September 27, 2020 and from 3:00 p.m. of September 30, 2020 to October 8, 2020.

The market will resume trading on October 9, 2020 with the central auction session from 8:55 a.m. to 9:00 a.m.

The market will be closed on October 10, 2020.

2. As from the first trading day without the Limit-locked market from September 29, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below when the daily clearing process begins:

The trading margin rate of TSR 20 Futures Contracts will be 10% of the contract value and the price limit will be ±8% from the settlement price of that day.

The trading margin rate of Crude Oil Futures Contracts will be 13% of the contract value and the price limit will be ±11% from the settlement price of that day.

The trading margin rate of Low Sulfur Fuel Oil Futures Contracts will be 13% of the contract value and the price limit will be ±11% from the settlement price of that day.

In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.

3. The market will resume trading on October 9, 2020. As from the first trading day without the Limit-locked market, INE will adjust the trading margin rates and the price limits for the contracts listed below when the daily clearing process begins:

The trading margin rate of TSR 20 Futures Contracts will return to 8% of the contract value and the price limit will be ±6% from the settlement price of that day.

The trading margin rate of Crude Oil Futures Contracts will return to 10% of the contract value and the price limit will be ±8% from the settlement price of that day.

The trading margin rate of Low Sulfur Fuel Oil Futures Contracts will return to 10% of the contract value and the price limit will be ±8% from the settlement price of that day.

Please refer to the Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.

All Members and Overseas Special Participants shall manage risks in a sound manner to ensure the smooth functioning of the market.

To read the appendix, please visit http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911338007.html


For China derivatives market access and more market information please contact sherry_ustc@163.com

Labels:

Comments

Post a Comment

Popular posts from this blog

INE: Circular on Adding the Deliverable Crude Oil for Crude Oil Futures

  In accordance with the Contract of Crude Oil Futures of Shanghai International Energy Exchange(hereinafter referred to as INE) and the Delivery Rules of Shanghai International Energy Exchange, INE hereby decides to add Murban crude oil as deliverable crude. The loading port is set to be either Fujairah Terminal or Jebel Dhanna Terminal. The grade and price differential of the newly-added deliverable crude oil are stipulated as follows:   Grade and Price Differential of the Newly-added Deliverable. Crude Oil for INE Crude Oil Futures: Country Deliverable Crude API Gravity Sulful (%) Premium or Discount (Yuan/Barrel) United Arab Emirates Murban ≥35 ≤1.5 5 Notes: 1. API gravity = (141.5 / S.G.60/ 60 °F) – 131.5; S.G.: as per ASTM D1298. 　　　 2. Sulfur content: as per ASTM D4294.   From June 1st, 2021, the Murban crude oil will be allowed to be loaded-in and be used for standard warrant issuance and futures delivery. INE will closely track and review market development in ea...
Post a Comment
Read more

Zhengzhou Commodity Exchange listed sodium hydroxide, p-xylene futures & options on Sep 15th

China's securities regulator said it had approved the registration of caustic soda and xylene futures and options at the Zhengzhou Commodity Exchange on Aug 26th. The China Securities Regulatory Commission urged the Zhengzhou Commodity Exchange to get well prepared across the board, ensuring the smooth launch and sound operation of caustic soda and xylene futures and options. Sodium Hydroxide, P-xylene futures & options had been listed in ZCE on Sep 15th.    Detail of Sodium Hydroxide Futures and Options: english.czce.com.cn/en/Products/sodiumHydroxide/H810325index_1.htm Detail of PX Futures and Options: english.czce.com.cn/en/Products/paraxylene/H810324index_1.htm For China derivatives market access and more market information please contact  sherry_ustc@163.com For more China derivatives market news please visit   FangQuant
Post a Comment
Read more

A Brief Introduction to the Status of China's Commodity Futures Market

  1. Development of China's Commodity Futures Market   Since 2010, the Chinese futures market had fast expanded with the launch of financial futures and Exchange-traded options. The derivatives market has entered a stage of comprehensive development from commodity futures to financial futures, from futures to options, from exchange-listed to OTC, and from domestic-investors-only to liberalized foreign investor trading.   Currently, China’s domestically listed futures and options cover 7 categories of finance, industrial metals, precious metals, chemicals, energy, black series and agricultural products, with a total of 91 varieties, including 64 commodity futures and 20 commodity futures options. Figure 1 Commodity Futures and Options in China Source: Galaxy Futures 2.    Commodity Futures Market 2.1 Market expansion In terms of time, China's commodity futures market has continued to expand steadily, and trading volume, open interest and trading v...
Post a Comment
Read more