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Shanghai Futures Exchange National Day holiday trading time and margin adjustment

2019-09-27
Each member unit, designated futures deposit deposit bank, designated delivery warehouse:
According to the "Shanghai Futures Exchange Announcement on the 2019 Closed Arrangement" (announcement [2018] No. 58), the relevant work arrangements during the National Day are as follows:
1. The market will be closed on the weekend of September 29, 2019 (Sunday).
No continuous transactions will be held on the evening of September 30 (Monday).
It is closed from October 1 (Tuesday) to October 7 (Monday).
On October 8 (Tuesday) 08:55-09:00 all futures and options contracts will be auctioned on a collective basis, and consecutive transactions will be held that night.
It will be closed on the weekend of October 12 (Saturday).

2. From the closing of the first trading day on the unilateral city from September 27, 2019 (Friday), the trading margin ratio and the next trading day will be adjusted as follows:
The trading margin ratio of the gold futures contract is adjusted to 8%, and the price limit is adjusted to 7%;
The trading margin ratio of the silver futures contract is adjusted to 9%, and the price limit is adjusted to 8%;
The trading margin ratio of copper, aluminum, zinc, lead and pulp futures contracts was adjusted to 9%, and the price limit was adjusted to 7%;
The trading margin ratio of tin, rebar, hot rolled coil, wire and stainless steel futures contracts is adjusted to 10%, and the range of the price limit is adjusted to 8%;
The trading margin ratio of natural rubber and petroleum asphalt futures contracts was adjusted to 11%, and the price limit was adjusted to 9%;
The trading margin ratio of nickel and fuel oil futures contracts was adjusted to 12%, and the price limit was adjusted to 10%.
In the case of the above-mentioned trading margin ratio, the range of the price limit and the current execution of the trading margin ratio, and the difference between the price limit and the fluctuation limit, the ratio is high and the magnitude is large.

3. After the transaction on October 8 (Tuesday), the trading margin ratio of each of the above-mentioned varieties of futures contracts will be restored from the first trading day to the original trading day. There are levels. Other matters concerning trading margin and price limit are implemented in accordance with the Shanghai Futures Exchange Risk Management Measures.
Recently, the situation at home and abroad is complicated and changeable, and there are many uncertain factors affecting the operation of the market. All member units are required to do a good job of risk prevention, timely implement relevant contract position limits, multiple adjustments, etc., according to the positions and risks of investors. Appropriately increase the proportion of deposits, strictly manage the deposit and withdrawal of investors, and remind investors to operate cautiously and invest rationally. Please keep the technical system maintenance and network security work during the festival period of each member unit and related designated futures deposit depository bank. Please specify the delivery warehouse to strengthen risk prevention, pay attention to check all kinds of risk hidden dangers, and do a good job in safety production such as fire prevention and anti-theft, and maintain stable operation of the market.

Hereby notify.

(Reprinted to the world aluminum network)