INE:Circular on Adjusting Trading Margin Rates and Price Limits of TSR20 Rubber Futures Contracts

In accordance with Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:

As from October 30, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below since 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.

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

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

Given the recent complicated global environment, the uncertainties that may affect the futures market have been growing. Both domestic and overseas rubber prices are relatively volatile. All parties concerned shall manage risks in a sound manner and make rational investment decisions, so as to ensure the smooth functioning of the market.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

Appendix: The adjustment of trading margin rates and price limits of futures contracts

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

Comments

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...

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...

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

Market Bridge Consulting

Search This Blog