中国期货2026年春节交易调整情况

1. Report Industry Investment Rating - No relevant information provided in the report. 2. Core Viewpoint of the Report - As the Chinese Spring Festival approaches, China's futures exchanges will be closed, and adjustments will be made to margin requirements and price limit ranges. Investors are advised to take note [1]. 3. Summary According to the Table of Contents 3.1 CFFEX (China Financial Futures Exchange) - The trading margin rate and the price limit remain unchanged for Spring Festival 2026 [14]. 3.2 SHFE (Shanghai Futures Exchange) - From the settlement of February 12, 2026, the trading margin rate and the price limit will be adjusted to the corresponding level. After the holiday, they will be adjusted to the corresponding level as from the settlement of the first non - one - direction trading day since February 24, 2026 [11]. - The report provides a table showing the current standard, holiday - period standard, and post - holiday standard of price limits and trading margin rates for various futures contracts such as copper, aluminum, etc. [15]. 3.3 INE (Shanghai International Energy Exchange) - The report provides a table showing the current standard, holiday - period standard, and post - holiday standard of price limits and trading margin rates for various futures contracts such as bonded copper, crude oil, etc. [17]. 3.4 GFEX (Guangzhou Futures Exchange) - The report provides a table showing the current standard, holiday - period standard, and post - holiday standard of price limits and trading margin rates for various futures contracts such as silicon metal, poly - silicon, etc. [18]. 3.5 ZCE (Zhengzhou Commodity Exchange) - From the settlement on February 9, 2026, margins and price limits of Methanol, Paraxylene, Purified Terephthalic Acid, Polyester Staple Fiber and Polyethylene Terephthalate Resin For Bottles futures will be adjusted to 10% and 9% respectively. From the settlement of February 12, 2026, the trading margin rate and the price limit of other futures contracts will be adjusted to the corresponding level. After the holiday, they will be adjusted to the corresponding level as from the settlement of the first trading day on which limit - locked market does not occur on the contract with the largest open interest of such product since February 24, 2026 [12][13]. - The report provides a table showing the present, February 9th, February 12th, and post - February 24th margin and price limit adjustments for various futures contracts [19]. 3.6 DCE (Dalian Commodity Exchange) - The report provides a table showing the present, holiday - period, and post - holiday price limits and trading margins for various products such as iron ore, coke, etc. [21]. 3.7 CITIC Futures International Research Reports - Regular reports include China Futures Annual Outlook, China Futures Monthly Report, etc. - Special topic reports cover various fields such as finance, commodities, emerging industries, policy reading, etc. [23][24]