Is there a price limit for futures?
Futures trading also has price restrictions. The price limit of futures is different from that of stocks, and they are all uniformly stipulated. The price limit of futures will be different according to different varieties, that is, the price limit of different futures varieties is different. In addition, when trading futures, when the closing price for three consecutive days is the daily limit, or when the closing price for three consecutive days is the daily limit, the daily limit of futures will be adjusted.
Usually, the price limit of futures is 3%, 4% and 5%. In addition, futures also have a price limit system, that is, the transaction price of a futures contract in a trading day cannot be higher or lower than a certain fluctuation range based on the settlement price of the contract in the previous trading day, and the quotation beyond this range will be regarded as invalid and cannot be traded. In China's futures trading, one feature is "touching the board". After the futures contract price reaches the price limit, trading is not restricted, and trading within the price limit or the price limit can still be carried out until the market closes on the same day.
Dalian Commodity Exchange: beans 1, beans 2, soybean meal, soybean oil and corn are all 4% of the settlement of the previous trading day, and there is no price limit rule.
Zhengzhou Commodity Exchange: hard wheat: 3%, strong wheat: 3%, cotton: 4%, sugar: 4%; Rules for plate expansion: T2=T 1* 150%, T3=T 1* 150%.
Shanghai Futures Exchange: copper, aluminum: 4%, T2: 5%, T3: 6% rubber: 3%; Rules for plate expansion: T2: 6%, T3: 6%.
(Note: T 1 is the first daily limit; T2 is the second daily limit; T3 is the third daily limit)