简体中文
  • HOME
  • ABOUT CN FIRST
  • CONTRACT
  • DOWNLOAD
  • CONTACT US
Trading Magin and Price Limits Adjustments for the Spring Festival 2021

Dear Client(s),


Please note that the China Market will be closed due to the China holiday – Spring Festival 2021.


Please find the following information for your reference.

1. The China market will be closed from 3:00 p.m. of February 10, 2021 to February 17, 2021, and will resume trading on February 18, 2021 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day. (Beijing Time). Please find attached Trading timetable for more details.

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

Products

From the settlement on February 9, 2021 (Tue)

From the settlement on February 18, 2021 (Thu)

Margin

Price Limits

Margin

Price Limits

INE- Crude Oil

14.3%

11%

11.0%

8%

INE- TSR 20 Rubber

13.2%

10%

11.0%

8%

INE- Fuel Oil

14.3%

11%

11.0%

8%

INE- Copper

11.0%

8%

8.8%

6%

ZCE- PTA

11.0%

9%

6.6%

5%

DCE- Palm Oil

11.0%

8%

11.0%

8%

DCE- Iron Ore

13.2%

11%

13.2%

10%


3. For Global markets(e.g. HKEX, SGX, CME, ICE & EUREX etc.), the margin will be increased by 20% effective from February 10, 2021 (Web) – Beijing time. For example: Assuming the current margin is 1000 USD/lot, it will be adjusted to 1200 USD/lot since the effective date. After the holiday, the margin will be restored to standards according to the market conditions.


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

___________

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.


2021/02/08
CN First International Futures Limited