Shanghai Futures Exchange to Increase Margins, Limits, CBN Says
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The Shanghai Futures Exchange will raise trading margins and daily price move limits for contracts including copper, rubber, aluminum, gold, fuel oil and steel, the Chinese Business News today reported citing a notice from the exchange.
The bourse will lift the margin on trades of copper, aluminum, steel wire, gold and fuel oil to 10 percent and to 12 percent for reinforced bar steel and zinc contracts, the report said. Rubber contract margins will rise to 13 percent, it said. The measaure will start from Nov. 30.