Futures News
- Shanghai News
Date: 11-May-2007 Sources: (Shenzhen Daily)
THE Shanghai Futures Exchange said late Wednesday it will raise the standard margins for copper contracts to 6.5 percent from 6 percent and that for natural rubber to 7.5 percent from 7 percent effective Friday.
It didn't say how long the adjustments would be in effect or provide a reason for the changes. However, data for April showed that turnover of copper and rubber futures soared year on year. The trading volume for copper futures reached 2.68 million lots in April versus 1.08 million lots a year earlier, while that of rubber futures totaled 7.42 million lots versus 3.15 million lots. One lot is equivalent to five tons.
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