上期所：调整金银铜等期货相关合约交易保证金比例和涨跌停板幅度

Core Viewpoint - The Shanghai Futures Exchange has announced adjustments to margin requirements and price fluctuation limits for various futures contracts, effective from January 22, 2026, indicating a regulatory response to market conditions [1]. Group 1: Copper and Aluminum Futures - The price fluctuation limit for copper futures contracts has been adjusted to 8% [1] - The margin requirement for hedged positions in copper futures is set at 9%, while the general margin requirement is 10% [1] - The price fluctuation limit for aluminum futures contracts has also been adjusted to 8% [1] - The margin requirement for hedged positions in aluminum futures is 9%, with a general margin requirement of 10% [1] Group 2: Gold Futures - For gold futures contracts AU2602, AU2603, and AU2604, the price fluctuation limit is set at 16% [1] - The margin requirement for hedged positions in these gold futures is 17%, while the general margin requirement is 18% [1] - For gold futures contracts AU2606, AU2608, AU2610, AU2612, and AU2702, the price fluctuation limit is adjusted to 15% [1] - The margin requirement for hedged positions in these contracts is 16%, with a general margin requirement of 17% [1] Group 3: Silver Futures - The price fluctuation limit for silver futures contracts AG2602, AG2603, and AG2604 is set at 17% [1] - The margin requirement for hedged positions in these silver futures is 18%, while the general margin requirement is 19% [1] - For silver futures contracts AG2605 through AG2612 and AG2701, the price fluctuation limit is adjusted to 15% [1] - The margin requirement for hedged positions in these contracts is 16%, with a general margin requirement of 17% [1] Group 4: Risk Management - Adjustments to margin requirements and price fluctuation limits may be further modified in accordance with the Shanghai Futures Exchange's risk control management regulations [2]