BEIJING, Jan. 26 (Xinhua) -- The Zhengzhou Commodity Exchange (ZCE) releases detailed rules on Monday for the trading of the peanut futures which is expected to be launched on February 1.
Trading of the important oil crop was given green light by the China Securities Regulatory Commission (CSRC) earlier this January.
The peanut futures will be traded under the transaction code of PK with trading unit being set at 5 tonnes per lot and minimum fluctuation at two yuan per tonne, according to ZCE.
Daily fluctuation limit is set at seven percent at either side with first-day trading limit doubling that, being 14 percent either side. Trading margin is set at eight percent.
Four contracts of PK2110, PK2111, PK2112 and PK2201 will be first to be launched for trading with PK2203 expected to be listed in March and PK2204 in April, the ZCE said. (Edited by Chen Xiaojie, Niu Huizhe with Xinhua Silk Road, niuhuizhe@xinhua.org)
A single purchase
