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DCE: Announcement About Soliciting Public Opinions on Adjusting Iron Ore Futures Position Limits

 In order to strengthen the risk management of iron ore futures, Dalian Commodity Exchange (DCE) now solicits public opinions on matters related to position limit adjustment and implementation schedule. The details are as follows:

I. Position limit adjustment of iron ore futures

The position limits of iron ore futures will be adjusted to fixed amount, and two adjustment proposals are as following:

Proposal I: Position Limit Table of Iron Ore Futures (unit: lot)

Trading Period

Non-Futures Company Member

Client

As from the listing of the contract

15,000

15,000

As from the first trading day of the month immediately preceding the delivery month

10,000

10,000

As from the tenth trading day of the month immediately preceding the delivery month

6,000

6,000

In Delivery month

2,000

2,000

Proposal II: Position Limit Table of Iron Ore Futures (unit: lot)

Trading Period

Non-Futures Company Member

Client

As from the listing of the contract

20,000

20,000

As from the first trading day of the month immediately preceding the delivery month

10,000

10,000

As from the tenth trading day of the month immediately preceding the delivery month

6,000

6,000

In Delivery month

2,000

2,000

Meanwhile, the Exchange will stop automatically converting the hedging position amount of the general months or the speculative position limit of the delivery months of iron ore, whichever is lesser, into the hedging position limit increase of the delivery months.

II. Implementation schedule

The implementation schedule of proposed position limit adjustment are as follows:

Proposal I: Implement the adjustment from Contract I2102 and beyond.

Proposal II: Implement the adjustment from Contract I2106 and beyond.

Proposal III: Implement the adjustment from newly listed contract.

Market stakeholders are welcome to provide opinions or suggestions, which can be submitted to DCE through contact emails by December 23, 2020. Please note that your feedback also indicates your consent for your contact information and data to be used by DCE for the sole purpose of soliciting opinions as described in this announcement.

Contacts:

CHEN Zhuo 0411-84808740 chenzhuo@dce.com.cn

DONG Chang 0411-84808127 dongchang@dce.com.cn


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

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