多期货品种价格飙涨 广期所四箭齐发紧急降温

Core Viewpoint - The commodity market is experiencing significant volatility, particularly in industrial silicon, polysilicon, and lithium carbonate futures, driven by the "anti-involution" policy and regulatory adjustments aimed at cooling the market and managing risks [1][2]. Group 1: Regulatory Adjustments - Starting from July 25, 2025, the price fluctuation limit for industrial silicon futures will be adjusted to 8%, with speculative trading margin requirements set at 10% and hedging margin requirements at 9% [1]. - Transaction fee standards for industrial silicon futures SI2509 will be set at 0.025% of the transaction amount, while for polysilicon futures PS2509, it will be 0.04%, and for lithium carbonate futures LC2509, it will be 0.016% [1]. - Non-futures company members or clients will have a daily opening position limit of 3,000 lots for both industrial silicon and polysilicon futures, with exceptions for hedging and market-making trades [2]. Group 2: Market Performance - Polysilicon futures have surged, with the main contract hitting the daily limit on July 22 and reaching a new high of 50,080 yuan/ton, marking a more than 50% increase in July [2]. - Industrial silicon futures experienced a volatile session, with a peak increase of over 5% but closing with a modest gain of 0.58% [3]. - Lithium carbonate prices fell by 4.07%, closing below 70,000 yuan at 69,380 yuan/ton, despite a temporary peak of 74,680 yuan/ton [3].