Newsletter summary
Notice of Guangzhou Futures ExchangePokerpotoddsInternational Labour Day will adjust the limit range and trading margin of industrial silicon and lithium carbonate futures contracts during the 2024 holiday. The limit range of the industrial silicon futures contract is adjusted to 7%, the margin standard for speculative trading is adjusted to 9%, and the margin standard for hedging trading is adjusted to 8%.PokerpotoddsThe limit of the rise and fall of lithium carbonate futures contracts is adjusted to 11%, the margin standard for speculative trading is adjusted to 13%, and the margin standard for hedging trading is adjusted to 12%. The adjustment will begin at settlement on April 29 and will return to pre-adjustment levels after trading resumes on May 6.
Text of news flash
* * Guangzhou Futures Exchange adjusts the futures contract standards related to the International Labour Day Holiday in 2024 * * according to the risk Management measures of the Guangzhou Futures Exchange, around the International Labour Day holiday in 2024, the exchange adjusts the trading margin and trading margin of various futures contracts. Since the settlement on April 29, the limit for the rise and fall of industrial silicon futures contracts has been adjusted to 7%, the margin standard for speculative trading has been adjusted to 9%, and the margin standard for hedging trading has been adjusted to 8%. The limit for the rise and fall of lithium carbonate futures contracts is adjusted to 11%, the margin standard for speculative trading is 13%, and the margin standard for hedging trading is 12%. Starting from the resumption of trading on May 6, the contracts with the largest positions in all varieties of futures will return to the pre-adjustment level in the absence of unilateral quotes on the trading limit and trading margin standards. When the range of the current limit and the margin standard of the transaction are different from the above adjustment, it shall be carried out in accordance with the larger range and higher standard of the two. The adjustment, announced by the Guangzhou Futures Exchange on April 25, is aimed at dealing with market fluctuations that may be brought about by International Labour Day's holiday and ensuring trading stability and risk control. All member units should pay close attention to and abide by the adjusted standards.