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Trading Margin and Price Limit Updates During 2020 International Labor Day

Dear Clients,

Please find the following trading adjustments for International Labor Day 2020.

1. The China market will be closed from 3:00 p.m. of April 30, 2020 to May 5, 2020 (Beijing Time), and will resume trading on May 6, 2020 (Beijing Time).

2. Margin and Price limits Adjustment as follows:

Date

INE- Crude Oil

INE - TSR 20 Rubber

ZCE - PTA

DCE - IRON ORE

Margin

Price Limits

Margin

Price Limits

Margin

Price Limits

Margins

Price Limits

Hedging

Speculation

±8%

29 APRIL 2020
Note: From the settlement on April 29 (Wednesday), the price limits and the trading margins of such product will be adjusted as follows:

16%

±14%

13%

11%

10%

±9%

8%

9%,

06 May 2020
Note: Trading will be resumed on May 6, 2020. From the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product, the price limits and the trading margins of such product will be adjusted as follows:

15%

±13%

11%

±9%

8%

±7%

Remain Unchanged

***Source reference:

1. Shanghai International Energy (INE) : http://www.ine.cn/en/news/notice/2871.html

2. Zhengzhou commodity Exchanges (ZCE) : http://english.czce.com.cn/enportal/News/Announcements/webinfo/2020/04/1584386591121930.htm

3. Dalian commodity Exchanges (DCE) : http://www.dce.com.cn/DCE/TradingClearing/Exchange%20Notice/6215477/index.html


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2020/04/28
CN First International Futures Limited