China Raises Commodity Futures Margins to Cool Speculation, Curb Inflation

Bloomberg.com reports that margins and daily price limits will be increased on the Shanghai Futures exchange for commodities, including Aluminum.

The story is quoted as saying:

Margins on copper, aluminum, steel wire, gold and fuel oil will rise to 10 percent, the bourse said in a statement. They gain to 12 percent for steel-reinforcing bars and zinc, and to 13 percent for rubber, after the market closes on Nov. 29, it said. Daily price limits for all products will widen to 6 percent from Nov. 30, it said.

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