Shanghai INE to expand trading limits for shipping, oil and copper contracts

SHANGHAI International Energy Exchange (INE) will expand trading limits and adjust margin requirements for its listed products, container shipping, oil, copper and rubber contracts, it said in a notice on Monday (Feb 5).

The exchange will widen the trading band, which limits how much values can fluctuate, for its European container shipping index to 25 per cent, from 20 per cent previously.

The margin ratio will be raised to 25 per cent from 22 per cent.

For crude oil and low-sulphur fuel oil futures contracts, the trading limit will be raised to 11 per cent from 8 per cent.

INE will also expand the trading limits for the international copper contract to 8 per cent from 6 per cent, and for the rubber contract to 9 per cent from 6 per cent.

The changes will take place from the settlement on Wednesday Feb 7, according to the notice. REUTERS