Notice on Adjustments to Price Limits and Trading Margins During 2021 China's National Day Holiday
Date:27 September 2021

Ref: No.429 [2021] DCE

Sep 27, 2021

Dalian Commodity Exchange

To all members:

According to the Measures for Risk Management of Dalian Commodity Exchange, Dalian Commodity Exchange (DCE) has decided upon discussion to make the following adjustments to the price limits and the trading margins for futures contracts of each product before and after the 2021 China's National Day Holiday:

From the settlement on September 29 (Wednesday), 2021, the price limits and the hedging trading margins of Iron Ore futures will be adjusted to 11%, the speculation trading margins will be adjusted to 13%; the price limits and the hedging trading margins of No.2 Soybean futures will remain 8%, the speculation trading margins will be adjusted to 10%; the price limits and the hedging trading margins of Soybean Meal and Soybean Oil futures will be adjusted to 8%, the speculation trading margins will be adjusted to 10%; the price limits and the hedging trading margins of Corn Starch futures will be adjusted to 7%, the speculation trading margins will be adjusted to 9%; the price limits and the hedging trading margins of LLDPE, PP and PVC futures will be adjusted to 9%, the speculation trading margins will be adjusted to 11%; the price limits and the hedging trading margins of EG and LPG futures will be adjusted to 9%, the speculation trading margins will remain 11%; the price limits and trading margins of other futures will remain unchanged.

After the trading is resumed on October 8 (Friday), 2021, from the settlement of the first trading day when the situation that the one-direction non-continuous quotation under the price limit does not occur on the contract with the largest open interests of one product, the price limits and the trading margins of such product will be adjusted as follows:

The price limits and trading margins of Iron Ore, No.2 Soybean, Soybean Meal, Soybean Oil, Corn Starch, LLDPE, PP, PVC, EG, LPG futures will be restored to the standards before the China's National Day Holiday; the price limits and the trading margins of other futures shall remain unchanged.

Sheet: Adjustments of Risk Parameters of Relevant Futures Products of DCE During and After the China's National Day Holiday

Product

Present

During the Holiday

After the Holiday

Price Limit

Trading Margin

Price Limit

Trading Margin

Price Limit

Trading Margin

Speculation

Hedging

Speculation

Hedging

Speculation

Hedging

Iron Ore

10%

12%

10%

11%

13%

11%

10%

12%

10%

Coke

9%

15%

9%

9%

15%

9%

9%

15%

9%

Coking Coal

9%

15%

9%

9%

15%

9%

9%

15%

9%

No.1 Soybean

8%

12%

8%

8%

12%

8%

8%

12%

8%

No.2 Soybean

8%

9%

8%

8%

10%

8%

8%

9%

8%

Soybean Meal

7%

8%

7%

8%

10%

8%

7%

8%

7%

Soybean Oil

7%

8%

7%

8%

10%

8%

7%

8%

7%

RBD Palm Olein

8%

10%

8%

8%

10%

8%

8%

10%

8%

Corn

7%

11%

7%

7%

11%

7%

7%

11%

7%

Corn Starch

6%

7%

6%

7%

9%

7%

6%

7%

6%

Polished Round-grained Rice

5%

6%

5%

5%

6%

5%

5%

6%

5%

Egg

8%

9%

8%

8%

9%

8%

8%

9%

8%

Live Hog

8%

15%

8%

8%

15%

8%

8%

15%

8%

LLDPE

7%

8%

7%

9%

11%

9%

7%

8%

7%

PP

7%

8%

7%

9%

11%

9%

7%

8%

7%

PVC

7%

8%

7%

9%

11%

9%

7%

8%

7%

EG

8%

11%

8%

9%

11%

9%

8%

11%

8%

EB

10%

12%

10%

10%

12%

10%

10%

12%

10%

LPG

8%

11%

8%

9%

11%

9%

8%

11%

8%

Fiberboard

5%

10%

10%

5%

10%

10%

5%

10%

10%

Blockboard

5%

40%

40%

5%

40%

40%

5%

40%

40%

 NoteThe speculation trading margins of JM2110 contract, JM2111 contract, JM2112 contract and JM2201 contract of Coking Coal; J2110 contract, J2111 contract, J2112 contract and J2201 contract of Coke will remain 20%.

If the above adjusted price limits and the trading margins are not consistent with the existing ones, the higher one of the two shall prevail.

As the 2021 China's National Day Holiday is coming, all members are required to send risk alerts to the clients and intensify the prevention of market risks, so as to ensure the smooth market operation.

Address : No.129 Huizhan Road, Dalian 116023, China
Tel : 86-411-84808226
Email : inquiries@dce.com.cn Support IPv6
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