The 700-lot position limit only applies to general 

positions. Enterprises that are engaged in bona fide 

commerce trades or need to hedge against risks in the 

spot market may apply to INE for a hedging quota. The 

application should meet the requirements specified 

in the INE Trading Rules. For example, it should be 

accompanied by the corresponding spot trade contract, 

production plan, or other documentations recognized 

by INE, and be submitted before the relevant deadline. 

Once this application is approved, the applicant may 

hold positions beyond the 700-lot limit (long only or 

short only)

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