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Some Commodity Futures Varieties Will Be "Down The Stairs" After The May Day.

2011/4/27 15:34:00 23

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After the labor holiday, the investment margin rate of some futures varieties will be lowered again.

The Shanghai Futures Exchange (hereinafter referred to as "the previous term") announced that after the resumption of trading in May 3rd, the copper, zinc, rebar and fuel oil varieties had been established since the closing date of the first trading day with no trading limit.

paction

The margin was adjusted to 8%, 10%, 10% and 8% respectively, and the price limit remained unchanged.

The trading margin ratio of aluminum and gold futures contracts has been adjusted to 7%, and the fluctuation limit has been adjusted to 5% since the next trading day.

Other varieties of trading margin and price limits will not be adjusted.

The industry said that the labor day closed, actually only one day to suspend trading, shorter time, the current proportion of the current varieties of trading margin and a higher rate of fluctuation, from the existing volatility, the labor market to maintain the proportion of existing trading margin and price limits can prevent market risk.

Some varieties of securities have been cleared once after the Ching Ming holidays.

In March 25th this year, the previous period has been informed that the percentage of trading margin for copper, aluminum and gold futures is down. If all the listed varieties in the previous period did not appear in April 6th, the proportion of the trading margin of copper futures contracts was adjusted to 9% on the day of closing, and the limit of the rise and fall of the next trading day was still 6%.

The trading margin ratio of aluminum and gold futures contracts was adjusted to 8%, and the limit for the next trading day is still 6%.

Before the two downgrades, domestic

futures

The paction has maintained a high margin rate for four consecutive months.

In November last year, three domestic commodity futures exchanges jointly launched measures to curb excessive speculation, such as "raising insurance" and "raising fees".

The trading margin of copper, aluminum, wire, gold and fuel oil futures contracts in Shanghai has increased to 10%. The margin of zinc and rebar futures contracts has increased to 12%, and the margin of natural rubber futures is as high as 13%.

After the implementation of a higher margin rate, the futures market is limited and some varieties are restricted.

Trading volume

Plummet.

Such as copper futures before the Japanese turnover is often more than 500 thousand hands, the futures of rubber futures generally traded at more than 1 million hands a day, sometimes reached more than 200 hands, and in the past few months, the volume of copper trading fell to 200 thousand ~30 million hands, the overall turnover of glue to 1 million below.

According to the relevant personages, in view of the different market operation characteristics and regulatory requirements of different varieties, the exchange will adjust the margin of trading margin and the price limit of some varieties after the festival. Effective implementation of differential management will further enhance the market liquidity control measures' flexibility, flexibility and effectiveness.