国庆节、中秋节临近 三家期交所公布假期风控安排

Core Viewpoint - The upcoming National Day and Mid-Autumn Festival holidays have prompted major futures exchanges in China to adjust the price fluctuation limits and margin levels for various futures contracts [1] Group 1: Shanghai Futures Exchange Adjustments - Starting from the settlement on September 29, the fluctuation limit for aluminum alloy futures contracts is set at 7%, with margin levels adjusted to 8% for hedging and 9% for general positions [2] - For copper, aluminum, zinc, and lead futures, the fluctuation limit is adjusted to 9%, with margin levels set at 10% for hedging and 11% for general positions [2] - The fluctuation limit for aluminum oxide futures is set at 11%, with margin levels at 12% for hedging and 13% for general positions [2] - Nickel and tin futures have a fluctuation limit of 12%, with margin levels at 13% for hedging and 14% for general positions [2] - Gold and silver futures have a fluctuation limit of 15%, with margin levels at 16% for hedging and 17% for general positions [2] Group 2: Shanghai International Energy Exchange Adjustments - For international copper futures, the fluctuation limit is set at 9%, with margin levels at 10% for hedging and 11% for general positions [3] - Crude oil and low-sulfur fuel oil futures have a fluctuation limit of 12%, with margin levels at 13% for hedging and 14% for general positions [3] - The fluctuation limit for 20 rubber futures is set at 11%, with margin levels at 12% for hedging and 13% for general positions [3] - The fluctuation limit for the shipping index (European line) futures is set at 20%, with a margin level of 22% [3] Group 3: Zhengzhou Commodity Exchange Adjustments - Starting from the settlement on September 29, the margin standard for apple, glass, and soda ash futures is set at 12%, with a fluctuation limit of 10% [4] - For futures contracts of soybean meal, red dates, silicon iron, manganese silicon, and caustic soda, the margin standard is 10%, with a fluctuation limit of 9% [4] - The margin standard for sugar, cotton, rapeseed oil, peanuts, PTA, methanol, urea, short fiber, p-xylene, bottle flakes, and propylene futures is set at 9%, with a fluctuation limit of 8% [4] Group 4: Dalian Commodity Exchange Adjustments - Starting from the settlement on September 29, the fluctuation limit for iron ore futures is set at 11%, with a margin level of 13% [5] - The fluctuation limit for coking coal futures is also set at 11%, with the margin level unchanged [5] - For palm oil, eggs, ethylene glycol, styrene, and liquefied petroleum gas futures, the fluctuation limit is set at 9%, with a margin level of 10% [5]