China: DCE sets monthly trading limits for coking coal and coke futures contracts

Starting from the trading time on 6 Sep'21 (i.e., during the night trading session on 3 Sep), non-futures company members or customers shall not open more than 100 lots in a single day on the monthly contracts of coking coal and coke futures.

The single-day open position refers to the sum of the number of open positions for buying and selling on a single futures contract of coking coal and coke varieties that are not made by members of the futures company or by customers on that day.

The number of open positions for hedging transactions is unlimited. Accounts with actual control relationships are managed as one account.

The exchange will dynamically adjust the trading limit based on market conditions.

DCE adjusted margins for coking coal, coke futures

China's Dalian Commodity Exchange (DCE) had previously announced an increase to the minimum margin for speculative trading of its most-active September coking coal contract to 20%, from 15%.

The increase took effect on 9 Aug'21, and was the exchange's second such adjustment, having raised the minimum margin to 15% from 11% on 2 Aug'21.

The DCE also adjusted the minimum margin for speculative trading of its most-active September coke contract to 15% from 11%, effective from 9 Aug'21.