Dalian Commodity Exchange: Iron Ore Contracts Price Limits

On July 9, iron ore contracts 1508, 1509, 1601, 1602, and 1605 all present three price limits with no continuous quote on one side. According to the relevant rules of “Risk Management Measures of Dalian Commodity Exchange”, it is decided upon research that the price limit rate of the abovementioned iron ore contracts will remain 8% and the lowest trade margin standard 10% from the settling time on July 8 (Wednesday), 2015. If such situation of price limit with no continuous quote does not occur in the abovementioned contracts on July 9 (Thursday), 2015, the price limit rate and the lowest trade margin standard will return to 4% and 5% respectively from the settling time of that day.