Group 1 - The Shanghai Futures Exchange announced adjustments to the price fluctuation limits and trading margin ratios for various contracts, effective from February 9 [2][3] - For copper, aluminum, lead, zinc, and alumina contracts, the price fluctuation limit is set at 10%, with margin ratios of 11% for hedging positions and 12% for general positions [2] - The fluctuation limit for aluminum alloy, wire rod, and stainless steel contracts is adjusted to 8%, with margin ratios of 9% for hedging and 10% for general positions [2] - Nickel and tin contracts have a fluctuation limit of 12%, with margin ratios of 13% for hedging and 14% for general positions [2] - Gold contracts have a fluctuation limit of 17%, with margin ratios of 18% for hedging and 19% for general positions, while silver contracts have a limit of 20% and margin ratios of 21% for hedging and 22% for general positions [2] Group 2 - The fluctuation limit for rebar, hot-rolled coil, pulp, and coated paper contracts is set at 7%, with margin ratios of 8% for hedging and 9% for general positions [3] - Fuel oil, petroleum asphalt, and butadiene rubber contracts have a fluctuation limit of 9%, with margin ratios of 10% for hedging and 11% for general positions [3] - Adjustments to the fluctuation limits and margin ratios may occur based on the provisions of the Shanghai Futures Exchange Risk Control Management Measures [3]

Group 1 - The Shanghai Futures Exchange announced the trading schedule for the Spring Festival in 2026, indicating no night trading on February 13, 2026, and a market closure from February 14 to February 23, 2026, with trading resuming on February 24, 2026 [1] Group 2 - Starting from the settlement at the close of trading on February 12, 2026, margin ratios and price fluctuation limits for various futures contracts will be adjusted, with copper, aluminum, zinc, lead, and alumina having a price fluctuation limit of 13% and a margin ratio of 15% for general positions [2] - Nickel and tin futures will have a price fluctuation limit of 15% and a margin ratio of 17% for general positions, while gold futures will see a fluctuation limit of 20% and a margin ratio of 22% for general positions [2] - Other commodities such as silver, rebar, and fuel oil will also have specific adjustments to their price fluctuation limits and margin ratios, with silver at 25% and 27% respectively for general positions [2] Group 3 - On February 24, 2026, after the first trading day without a one-sided market, the price fluctuation limits and margin ratios for all listed futures contracts will revert to their original levels [3]

Group 1 - The Shanghai International Energy Exchange announced adjustments to the margin ratios and price fluctuation limits for newly listed futures contracts including crude oil and low-sulfur fuel oil [2] - The price fluctuation limit for crude oil SC2903, low-sulfur fuel oil LU2703, and NR2702 contracts is set at 9%, with margin ratios adjusted to 10% for hedging positions and 11% for general positions [2] - The price fluctuation limit for international copper BC2702 contracts is set at 10%, with margin ratios adjusted to 11% for hedging positions and 12% for general positions [2] Group 2 - The adjustments are in accordance with the risk control management rules of the Shanghai International Energy Exchange, specifically Article 16, which allows for further adjustments under certain conditions [2] - Other matters regarding price fluctuation limits and trading margins will follow the relevant business rules of the Shanghai International Energy Exchange [2]

Core Viewpoint - The Shanghai Futures Exchange has announced adjustments to the price limit and margin requirements for nickel and other futures contracts, effective from January 27, 2026 [2] Group 1: Nickel Futures - The price limit for listed nickel futures contracts will be adjusted to 10% [2] - The margin requirement for hedging positions will be set at 11% [2] - The margin requirement for general positions will be set at 12% [2] Group 2: Aluminum, Lead, and Zinc Futures - The price limit for listed contracts of aluminum, lead, and zinc will be adjusted to 8% [2] - The margin requirement for hedging positions will be set at 9% [2] - The margin requirement for general positions will be set at 10% [2] Group 3: Stainless Steel Futures - The price limit for listed stainless steel futures contracts will be adjusted to 6% [2] - The margin requirement for hedging positions will be set at 7% [2] - The margin requirement for general positions will be set at 8% [2] Group 4: Risk Management - Adjustments to the price limits and margin requirements may occur based on the provisions of the Shanghai Futures Exchange Risk Control Management Measures [2] - Other matters regarding price limits and margin requirements will follow the relevant business rules of the Shanghai Futures Exchange [2]

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]

Group 1 - The Shanghai Futures Exchange announced a holiday trading schedule for New Year's, with no night trading on December 31, 2025, and a market closure from January 1 to January 4, 2026, resuming trading on January 5, 2026 [1] - Margin requirements and price fluctuation limits for gold and silver futures will be adjusted starting from the settlement on December 30, 2025, with price limits set at 15% and margin ratios at 16% for hedged positions and 17% for general positions [1] - On January 5, 2026, after the first trading day without a one-sided market, the price fluctuation limits and margin ratios for specific gold and silver futures contracts will remain unchanged, while other futures contracts will revert to their original levels [1]

Core Viewpoint - The Shanghai Futures Exchange has announced adjustments to the trading limits and margin requirements for gold and silver futures contracts, effective from October 21, 2025 [1] Group 1: Trading Limits - The price fluctuation limit for gold and silver futures contracts will be adjusted to 14% [1] - The adjustment aims to enhance market stability and risk management [1] Group 2: Margin Requirements - The margin requirement for holding positions will be set at 15% for hedging positions and 16% for general positions [1] - These changes are part of the Shanghai Futures Exchange's risk control management measures [1] Group 3: Regulatory Framework - Any further adjustments to margin requirements and trading limits will be based on the provisions outlined in the Shanghai Futures Exchange's risk control management regulations [1]

Core Viewpoint - The Shanghai Futures Exchange announced adjustments to the margin ratios and price fluctuation limits for nickel and other futures contracts, effective from October 14, 2025 [2] Group 1: Margin Ratio Adjustments - The margin ratio for nickel and tin futures contracts will be adjusted to 9% for hedging positions and 10% for general positions [2] - The margin ratio for butadiene rubber and natural rubber futures contracts will be set at 8% for hedging positions and 9% for general positions [2] Group 2: Price Fluctuation Limits - The price fluctuation limit for nickel and tin futures contracts will be adjusted to 8% [2] - The price fluctuation limit for butadiene rubber and natural rubber futures contracts will be set at 7% [2] Group 3: Risk Management Provisions - Adjustments to the margin ratios and price fluctuation limits may occur based on the provisions outlined in Article 13 of the Shanghai Futures Exchange Risk Control Management Measures [2] - Other matters related to margin trading and price fluctuation limits will be executed according to the Shanghai Futures Exchange Risk Control Management Measures [2]

Core Points - The Shanghai Futures Exchange announced adjustments to margin requirements and price limits for certain futures contracts effective from October 14, 2025 [1] Group 1: Margin Requirements and Price Limits - Nickel and tin futures contracts will have their price limit adjusted to 8%, with the margin requirement for hedging positions set at 9% and for general positions at 10% [1] - Butadiene rubber and natural rubber futures contracts will see their price limit adjusted to 7%, with the margin requirement for hedging positions set at 8% and for general positions at 9% [1] - Adjustments may occur based on the risk management regulations of the Shanghai Futures Exchange if specific conditions are met [1]

Group 1 - The Shanghai International Energy Exchange announced the trading schedule for the National Day and Mid-Autumn Festival in 2025, indicating no night trading on September 30, 2025, and a market closure from October 1 to October 8, 2025, with trading resuming on October 9, 2025 [1] Group 2 - Starting from the settlement on September 29, 2025, the margin ratios and price fluctuation limits for various futures contracts will be adjusted, including a 9% fluctuation limit for international copper futures and a 12% limit for crude oil and low-sulfur fuel oil futures [2] - The margin ratio for international copper futures will be set at 10% for hedging positions and 11% for general positions, while crude oil futures will have a 13% margin for hedging and 14% for general positions [2] Group 3 - On October 9, 2025, after the first trading day without a one-sided market, the price fluctuation limits and margin ratios for all futures contracts will revert to their original levels [2][3]