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China Futures Market: Trading Adjustments for the Mid-Autumn Festival 2021

 SHFE:

　　Shanghai International Energy Exchange has released its Circular on Trading Adjustments for the Mid-Autumn Festival 2021 as follows:
　　In accordance with Trading Schedule during National Holidays for Year 2021 and Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange hereby notifies the trading adjustments for the Mid-Autumn Festival 2021 as follows:
　　The market will be closed from 3:00 p.m. of September 17, 2021 to September 21, 2021.
　　The market will resume trading on September 22, 2021 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.
　　All Members and Overseas Special Participants shall manage risks in a sound manner to ensure the smooth functioning of the market.


INE:

　In accordance with Trading Schedule during National Holidays for Year 2021 and Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange hereby notifies the trading adjustments for the Mid-Autumn Festival 2021 as follows:
　　The market will be closed from 3:00 p.m. of September 17, 2021 to September 21, 2021.
　　The market will resume trading on September 22, 2021 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.


ZCE:

According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:

 

From the settlement on September 16, 2021, margins and price limits of Soda Ash futures will be adjusted to 12% and ±8% respectively. Margins and price limits of Ferroalloy and Silicon Manganese futures will be adjusted to 10% and ±8% respectively. Margins and price limits of PTA and Polyester Fiber futures will be adjusted to 8% and ±7% respectively.

 

Trading will be resumed on September 22, 2021. From the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product, margins and price limits of these futures will be restored to standards before the adjustments. However, margins and price limits of Soda Ash 2111, 2112 and 2201 Contract shall be 12% and ±8% respectively. Margins and price limits of Ferroalloy 2111, 2112 and 2201 Contract shall be 10% and ±8% respectively. Margins and price limits of Silicon Manganese 2111, 2112 and 2201 Contract shall be 10% and ±8% respectively.

 

In case the above adjusted margins and price limits vary from the current ones, the higher one will prevail.


DCE:

According to the Measures for Risk Management of Dalian Commodity Exchange, Dalian Commodity Exchange (DCE) has decided upon discussion to make the following adjustments to the price limits and the trading margins for futures contracts of each product before and after the 2021 Mid-Autumn Festival Holiday:

From the settlement on September 16 (Thursday), 2021, the price limits and the hedging trading margins of Iron Ore futures will be adjusted to 11%, the speculation trading margins will be adjusted to 13%; the price limits and the hedging trading margins of Coking Coal and Coke futures will be adjusted to 9%, the speculation trading margins will remain unchanged; the price limits and the hedging trading margins of Soybean Oil, LLDPE, PP and PVC futures will be adjusted to 8%, the speculation trading margins will be adjusted to 9%; the price limits and trading margins of other futures will remain unchanged.

After the trading is resumed on September 22 (Wednesday), 2021, from the settlement of the first trading day when the situation that the one-direction non-continuous quotation under the price limit does not occur on the contract with the largest open interests of one product, the price limits and the trading margins of such product will be adjusted as follows:

The price limits and trading margins of Iron Ore, Soybean Oil, LLDPE, PP and PVC futures will be restored to the standards before the Mid-Autumn Festival Holiday; the price limits and trading margins of Coking Coal and Coke futures will remain unchanged; the price limits and the trading margins of other futures shall remain unchanged.


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