All members,
After discussion, it has been decided that the following adjustments shall be made to the transaction fee and margin for certain futures contracts listed on the Shanghai Futures Exchange:
1. With effective as of August 1st, 2011, the transaction fees of copper shall be adjusted to 1‱ of the turnover, and that rebar shall be made to 0.6‱ of the turnover.
2. With effective as of August 1st, 2011, the transaction fees of cooper and gold shall be exempted when closing out the current day positions.
3. With effective from the time of closing on July 29th, 2011, the margin on the contract PB1110 and subsequent futures contracts shall be reduced to 8% from the current 11%, and that on the contract PB1109 shall be maintained on the current percentage.
Shanghai Futures Exchange