Our Ref: No. 321  DCE
August 4, 2020
Dalian Commodity Exchange
To all member entities and related market participants:
To promote the continuous active trading of futures contracts and prevent market risks, Dalian Commodity Exchange (DCE) has decided upon discussion that from the trading on August 5, 2020 (the night trading session on August 4, 2020), the trading limits of iron ore futures will be implemented on contract I2009 and contract I2101 exclusively. The combined trading volume of opening long and short positions on iron ore futures contract I2009 and contract I2101 of any Non-Futures Company Members or clients is not allowed to exceed 15,000 lots and 10,000 lots respectively on every single day.
The hedging trading volume and market-making trading volume of opening positions shall be exempted. Accounts involving actual control relationship shall be managed as one single account.
DCE will dynamically adjust the trading limits in accordance with market conditions.
This notice is hereby released.
Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.