FROM: Shanghai Futures Exchange

TO: All Members

CC: CSRC General Office and Futures Department

SUBJECT: Notice on the Imposition of Trading Limit on Relevant Hot Rolled Coils Contracts

FILING SERIAL: SQF [2017] NO. 151

Upon our consideration, it has been decided that the following measures shall be made to the trading of hot rolled coils products in accordance with the Risk Management Rules of Shanghai Futures Exchange:

Effective as of August 25, 2017, the position limit of hot rolled coils contracts such as HC1710 and HC1801 applicable to intraday position opening of Non-FF Members and Clients will be 3,000 lots. Any group of actual control relation accounts identified by the Exchange shall be subject to the positions limit for one client.

The hedging trade is exempt from such a restriction.