Coke Futures Contracts and Rules Publicly Asked for Comments

After the China Securities Regulatory Commission approved the formal approval of the Dalian Commodity Exchange for coke futures trading, the Dalian Commodity Exchange issued a notice on the 22nd to publicly solicit opinions on the coke futures contracts and related rules.

According to the notice, the contents of the DCE's public comments were included in the coke futures contract, amendments to the trading rules, amendments to the settlement rules, amendments to the settlement rules, amendments to the risk management methods, amendments to the standard warehouse receipts management methods, and designated delivery warehouse management. Measures and coke hedging management measures.

The content of the coke contract announced by Dashang revealed that the contract traded product was metallurgical coke, the trading unit was 100 tons/hand, the minimum change price was 1 yuan/ton, the contract price limit was 4% of the settlement price of the previous day, and the minimum The trading margin is 5% of the contract value, and the contract trading month is from January to December.

In addition, the trading rules stipulate that the maximum order quantity for the coke contract trading order is 500 lots at a time. The amendments to the settlement rules show that coke is delivered once and the delivery unit is 1,000 tons.

According to relevant officials of the Daicom Group, although the contract is 100 tons, the number is relatively large. However, due to the low price of coke compared to other commodities, the "big contract" is not outstanding from the value of each contract. 1,000 tons of delivery units are more suitable for companies involved in coking.

He also stated that in order to further guide and facilitate the hedging transaction of spot enterprises and promote the function of coke futures, Dashang further improved the hedging management measures and adopted a different hedging system from other listed varieties on coke futures. With less application materials, the conditions were relaxed. It will help promote industrial customers to actively apply for general monthly hedging limits, reflecting the system design ideas of exchanges to attract enterprise hedging and enterprise hedging.

In addition, the notice reminds that relevant opinions or suggestions of the market parties can be fed back to DG with letter, fax or email, and the deadline is March 28.

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