China’s Dalian Commodity Exchange (DCE) and Shanghai Futures Exchange (SHFE) have suspended night trading sessions from Feb 3 until further notice, according to announcements released in English and Mandarin on their respective websites on Feb 2.

 

Both major Chinese metal derivatives exchanges reopened for day trading sessions today. To contain the spread of the Coronavirus, the government had earlier pushed back resumption of operations after the Chinese New Year from Jan 31 to Feb 3. 

 

The DCE lists and clears iron ore, iron ore options, coking coal and metallurgical coke derivatives contracts, while the SHFE lists and clears rebar, wire rod, hot rolled coil, stainless steel, aluminium, copper, lead, nickel, tin, zinc, gold and silver; all predominantly traded in mainland China.

 

 DCE iron ore, coking coal, and metallurgical coal markets are typically open from Monday to Friday with the following sessions (China Standard Time):  

 

Session I: 09:00hrs – 10:15hrs  

Session II: 10:30hrs – 11:30hrs

Session III: 13:30hrs – 15:00hrs

Session IV: 21:00hrs – 23:00hrs

 

SHFE rebar and hot rolled coil markets are typically open from Monday to Friday with the following sessions:  

 

Session I: 09:00hrs – 10:15hrs  

Session II: 10:30hrs – 11:30hrs

Session III: 13:30hrs – 15:00hrs

Session IV: 21:00hrs – 23:00hrs*

 

*N.B. SHFE aluminium, copper, lead, nickel, tin, zinc, and stainless steel night session (IV) contracts trade until 01:00hrs next day. SHFE gold and silver contracts trade until 02:30hrs next day.

 

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