11
Dec
09:41
China places more restrictions on HRC futures trading
China's has announced new trading rules from 12 December for May 2017 hot rolled coil futures contracts. These have put in place stricter and more direct regulations for speculators, Kallanish notes.
On 9 December the Shanghai Futures Exchange (SHFE) announced it will limit non-membership customers from opening and closing more than 2,000 positions in a day for the May HRC contract. Hedging transactions are not restricted by trading limits.
SHFE and the D…
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Anonymous
Very good overview of the weekly steel market.
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