1. Trading period arrangement
Due to the upcoming 2023 Labor Day Holiday, DCE has made several arrangements.
Market Closes: from 3:00 p.m. of April 28, 2023 (end of Friday) to May 3, 2023 (Wednesday)
* NO Night trading session on the night of April 28, 2023, Friday
Market Resumes: May 4, 2023 (Thursday), with the call auction session from 08:55 to 09:00 a.m.
Applicable for INE, DCE, and ZCE.
2. DCE has issued notices on adjusting the Trading Limit and Trading Margin of most of its products.
Please kindly refer to the below for detailed adjustments.
Adjustment to Price Limits and Trading Margins During the 2023 International Labor Day Holidays
(Effective April 27)
DCE has announced that from the settlement on April 27 (Thursday), 2023, the price limits of Soybean Meal, Soybean Oil, LLDPE, PP, and PVC futures will be adjusted to 7%, the trading margins will be adjusted to 8%.
Next, the price limits of RBD Palm Olein, EG, EB, and LPG futures will be adjusted to 8%, the trading margins will be adjusted to 9%; the price limits and trading margins of other futures will remain unchanged.
After May 4
After the trading resumes on May 4 (Thursday), 2023, from the settlement of the first trading day when the situation that the one-direction non-continuous quotation under the price limit does not occur on the contract with the largest open interests of one product, the price limits and the trading margins of such product will be adjusted as follows:
The price limits of No.1 Soybean, No.2 Soybean, Corn, and Egg futures will be adjusted to 6%, the hedging trading margins will be adjusted to 7%, the speculation trading margins will be adjusted to 8%;
Next, the price limits and trading margins of Soybean Meal, Soybean Oil, RBD Palm Olein, LLDPE, PP, PVC, EG, EB, and LPG futures will be restored to the standards before the International Labor Day holidays; the price limits and the trading margins of other futures shall remain unchanged.
Exchange Notice:
http://www.dce.com.cn/DCE/tradingclearing/Exchange%20Notice/8541660/index.html
Previous Trading Limit Adjustment (Prior changes that were effective on April 11):
From the trading on April 11, 2023 (the night trading session on April 10, 2023), the client's daily trading volume limit of RBD Palm Olein futures contracts will be adjusted as follows:
>> The client's daily trading volume of the sum of opening long and short positions on any RBD Palm Olein futures contract (namely P2304, P2305, P2306, P2307, P2308, P2309, P2310, P2311, P2312, P2401, P2402, P2403) shall not exceed 10,000 lots (previously 5,000 lots)
The hedging trading volume and market-making trading volume of opening positions shall be exempted. Accounts involving actual control relationships shall be managed as one single account.
Price Limit and Trading Margin Adjustments:
From the settlement on April 12, 2023 (Wednesday),
1. The price limits of RBD Palm Olein futures will be adjusted from 10% to 7%, and the trading margins will be adjusted from 12% to 8%.
2. The price limits of Soybean Meal futures will be adjusted from 8% to 6%, and the trading margins will be adjusted from 10% to 7%.
3. The price limits of Soybean Oil futures will be adjusted from 8% to 6%, and the trading margins will be adjusted from 9% to 7%.
If the trading margin and price limit implemented are higher than the above standards, the higher ones shall prevail.
DCE Exchange notice: http://www.dce.com.cn/DCE/tradingclearing/Exchange%20Notice/8539251/index.html
For more information on the changes from INE and ZCE, refer to the following notices:
INE Exchange Notice:
https://www.ine.cn/eng/circularnews/circular/129825.html
ZCE Exchange Notice: http://english.czce.com.cn/enportal/News/Announcements/webinfo/2023/04/1682452391187353.htm
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