According to Clause 9 of the “Measures for Risk Management of Dalian Commodity Exchange”, it has been decided upon discussion that DCE would make the following adjustments to the trading margin and price limits of each product before and after the 2016 Qingming Festival:
- From the settlement on March 31, 2016 (Thursday), the price limits and the minimum trading margin of Iron Ore, LLDPE, PP and PVC will be adjusted to 7% and 9% respectively; those of other products will remain unchanged.
- Trading will be resumed on April 5, 2016 (Tuesday). From the settlement time of the first trading day when the situation of “no continuous quotes on one side at the price limit” does not occur on the two contracts with the largest open interest at the same time for Iron Ore, LLDPE, PP and PVC futures, the price limits and the minimum margin of Iron Ore futures will return to 6% and 7% respectively; those of LLDPE and PP will return to 5% and 6%; those of PVC will return to 4% and 5%.
- As regards the contracts both meeting the requirements for adjusting the trading margin and price limits stipulated by the “Measures of Dalian Commodity Exchange for Risk Management”, their minimum trading margin and price limits shall be subject to the bigger one provided by the Measures.
In addition, we remind the member units of the after-hours trading time during the 2016 Qingming Festival, as follows:
- No after-hours trading will be carried out on the night of April 1 (Friday). The call auction time for all the futures on April 5 is 08:55 to 09:00. The after-hours trading will be resumed on the night of April 5.
- Other requirements for the after-hours trading shall be implemented on the basis of the related detailed rules. Member units shall effectively remind the clients of the after-hours trading time in order to ensure smooth market operation.
