Commodity exchanges hike margins for Spring Festival

China's commodity futures exchanges will temporarily raise trading margins and daily limits around the Lunar New Year holiday. The Shanghai Futures Exchange will raise its trading margins by two percent from February 7th, and its daily trade limit by one percent for all contracts on February 8th.

The Shanghai Gold Exchange will raise trading margins of its gold and silver forward contracts to 13 percent, and lift the daily limit to around 10 percent. The Zhengzhou Commodity Exchange will also take similar steps from the end of this week. All margin requirements will return to normal after the week-long holiday, which ends on February 18th.