Factbox: China Commodity Exchanges Act to Contain Virus-Driven Volatility - News Summed Up

Factbox: China Commodity Exchanges Act to Contain Virus-Driven Volatility


BEIJING — China's commodity exchanges have rolled out a series of measures - from raising margin requirements and trading limits to halting trade completely - to help maintain market stability as coronavirus panic spreads across the globe. Below is a list of some of the actions taken, affecting trade in everything from eggs to gold in the world's biggest commodities consumer. CRUDE OIL/RUBBER** The Shanghai International Energy Exchange (INE), responding to a collapse in global oil prices, raised the trading margin on its crude oil futures contract to 11% from settlement on March 11, and hiked the trading limit to 10% from March 12. ** On Tuesday, the INE said it would waive delivery fees for its crude oil and TSR 20 rubber futures from April 10 this year until Jan. 8, 2021 to ease financial pressure on market participants.


Source: International New York Times March 23, 2020 09:56 UTC



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