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China Holiday | China Market Recess, Trading Margin and Price Limit Updates due to Mid-Autumn Festival and the National Day 2020

Dear Client(s),

Please note that the China Market will be closed due to the China holiday – Mid-Autumn Festival and the National Day 2020.

Please find the following information for your reference.

1. The market will be closed from 3:00 p.m. of September 30, 2020 to October 8, 2020.

2. The market will resume trading on October 9, 2020 with the central auction session from 8:55 a.m. to 9:00 a.m. (Beijing time)

3. Margin and Price limits for all Chinese futures products will be adjusted as follows:

Products

From the settlement on September 29, 2020 (Tue)

From the settlement on October 9, 2020 (Fri)

From the settlement on October 12, 2020 (Mon)

Margin

Price Limits

Margin

Price Limits

Margin

Price Limits

INE-Crude Oil

14.30%

11%

11%

8%

11%

8%

INE- TSR 20 Rubber

11%

8%

8.80%

6%

8.80%

6%

INE- Fuel Oil

14.30%

11%

11%

8%

11%

8%

ZCE- PTA

11%

9%

6.60%

5%

6.60%

5%

DCE- Iron Ore

13.20%

11%

13.20%

11%

12.10%

10%


We would like to advise that your positions should be monitored closely.

Happy Holiday!

CN First International Futures Limited

___________

Disclaimer: This report is a translated version. The content of this report is solely for the purpose of providing information, and is only used for general reference purposes, not to induce investment and other behaviors. The contents of this report have replaced the published information and may be selected by third-party suppliers or other reference materials or sources. Although we believe the reliability of the information in the report, we do not guarantee the accuracy and precision of this information. If the original text is quoted and published, the source must be “CN First International Futures Limited” and all rights of investigation shall be reserved.




2020/09/25
CN First International Futures Limited