Newsletter summary

Shanghai International Energy Trading Center announces futures trading arrangements for International Labour Day period in 2024CasinogameswithfreewelcomebonusThere will be no night trading on April 30, closed on May 1 and resumed on May 6; at the same time, the margin ratio and the limit of some futures contracts have been adjusted since the close of trading on April 29.

Text of news flash

[Shanghai International Energy Trading Center announces trading arrangements for International Labour Day in 2024]

According to the announcement of the Shanghai International Energy Trading Center, the trading arrangements for the period of International Labour Day in 2024 have been announced. Night trading will be suspended on the evening of April 30. May 1 is the official closing day. On May 6th, all futures and options contracts will hold collective bids from 08:55 to 9am, after which night trading will resume.

The margin ratio and the range of the limit will be adjusted from the closing and settlement on April 29, and the margin ratio and the range of the limit for some futures contracts will be carried out by the exchange.CasinogameswithfreewelcomebonusIt's been adjusted. The limit for the rise and fall of international copper and glue 20 futures contracts is set at 8%, the margin ratio for hedging trading is adjusted to 9%, and the margin ratio for speculative trading is 10%. The rise and fall limit of crude oil and low-sulfur fuel oil futures contracts increased to 10%, hedging margin ratio was 11%, and speculative margin ratio was 12%. In addition, the rise and fall limit of EC2406, EC2408, EC2410, EC2412 and EC2502 contracts is adjusted to 18%, and the trading margin ratio is 20%.

In the event of the circumstances stipulated in Article 16 of the risk Control and Management rules of the Shanghai International Energy Trading Center, the margin ratio and the limit range of the above-mentioned trading margin will be further adjusted.

Contract adjustment will gradually return to normal levels from the end of trading on May 6, unless there is another unilateral market, the limit and margin ratio of all futures contracts will return to their original levels.

The Shanghai International Energy Trading Center reminds all relevant units to do a good job of risk prevention to ensure the smooth operation of the market and the smooth delivery.