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According to the Measures for Risk Management of Dalian Commodity Exchange, Dalian Commodity Exchange (DCE) has decided upon discussion that the exchange shall adjust the trading limits and trading margins of Iron Ore futures contracts as follows:
1. From the trading on November 17, 2023 (the night trading session on November 16, 2023), the trading volume of opening long and short positions on iron ore futures contract I2401, I2402, I2403, I2404 and I2405 of any Non-Futures Company Member or client shall not exceed 500 lots on any single day respectively, and the trading volume of opening long and short positions on other iron ore futures contracts shall not exceed 2,000 lots on any single day respectively. The hedging trading volume and market-making trading volume of opening positions shall be exempted. Accounts involving actual control relationship shall be managed as one single account.
2. From the settlement on November 20, 2023, the speculation trading margins of Iron Ore futures will be adjusted from 13% to 15%. For futures contracts that meet the adjustment requirements of the trading margin specified in the Measures for Risk Management of Dalian Commodity Exchange, the higher value of the trading margin shall prevail.
This notice is hereby released.
