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China's commodity futures exchange releases Chinese new year holiday control measures

19 Jan 2023 15:39 reported by Ranny Fang

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As the Chinese new year holiday approaches, various futures exchanges in China have released measures to stabilize the market and reduce risks.

The Shanghai Futures Exchange (SHFE), Shanghai International Energy Exchange (INE), Zhengzhou Commodity Exchange (ZCE), Dalian Commodity Exchange (DCE), and Guangzhou Futures Exchange (GFEX) issued their notices on the adjustment of margin standards and price limits ranges for some futures contracts during the Chinese new year holiday in 2023.

DCE will adjust the price limit range and margin level for hedging transactions of iron ore futures contracts to 12%, and the margin level for speculative trading will adjust to 14%, from the time of settlement on January 19, 2023.

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