FROM: Shanghai Futures Exchange

TO: All Members

SUBJECT: Notice on Adjusting Trading Margin and Price Limits of Copper, Aluminum, Zinc, Lead, Nickel, Tin, Rebar, Hot Rolled Coils, Natural Rubber and Bitumen

FILING SERIAL: SQF [2016] No.170

Trading margins and price limits of Copper, Aluminum, Zinc, Lead, Nickel, Tin, Rebar, Hot Rolled Coils, Natural Rubber and Bitumen will be adjusted as follows since closing of the market on November 24, 2016:

   Trading margins will be increased from 8% to 9%, and the price limits will be improved from 6% to 7%.

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Shanghai Futures Exchange

November 22, 2016