研究员：纪晓云 从业资格：F3066027 交易咨询资格：Z0011402 联系方式：010-56711796 | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 | | --- | --- | --- | --- | | | | | 昨日焦煤主力合约 Jm2605 收于 1094.0，环比日盘开盘上涨 0.05%；焦炭主力合约 J2605 | | | | | 收于 1652.0，环比日盘开盘下跌 1.01%。 | | | | | 【重要资讯】 | | | | | 1、3 月 2 日国内期货市场反应剧烈。截至当日下午收盘，集运指数（欧线）、原油、甲 | | | | | 醇、液化气、丙烯、聚丙烯、塑料、乙二醇、纯苯等 12 个品种主力合约涨停，黄金、 | | | | | 白银等品种大涨。上期所、大商所、郑商所集体发布通知，提示做好市场风险控制。 | | | | | 2、卡塔尔能源宣布，因旗下设施遭到袭击，已停止液化天然气及相关产品的生产。该 | | | | | 公司在全球液化天然气出口市场占约 20%的份额。受此消息影响，欧洲基准天然气期货 | | | | | 涨幅一度扩大至 50。 | | 黑色 | ...

多家交易所发布通知，提示做好市场风险控制。 3月2日，多家交易所发布关于做好市场风险控制工作的通知或风险提示函。 通知称，近期中东局势复杂多变，市场波动较大，请各有关单位采取 相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运行。 关于做好市场风险控制工作的通知 发布日期： 2026-03-02 上期发〔2026〕80号 各有关单位: 近期中东局势复杂多变，市场波动较大，请各有关单位采取相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运行。 特此通知。 近期中东局势复杂多变，市场波动较大，请各有关单位采取相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运行。 特此通知。 上海国际能源交易中心 2026年3月2日 首页 \ 关于交易所 \ 交易所动态 \ 公告通知 来源：办公室 发布日期:2026-03-02 郑商函〔2026〕205号 上海期货交易所 2026年3月2日 关于做好市场风险控制工作的通知 发布日期: 2026-03-02 上能发〔2026〕16号 各有关单位: 各会员单位: 近期影响市场的不确定性因素较多，请各会员单位切实加强投资者教育和风险防范工 ...

Core Viewpoint - The Shanghai Gold Exchange has announced measures to control market risks during the 2026 Spring Festival holiday, including adjustments to margin requirements and price limits for gold and silver contracts [2][3]. Group 1: Market Closure and Trading Adjustments - The Shanghai Gold Exchange will be closed from February 14 to February 23, 2026, with no night trading on February 13 [2]. - Trading will resume on February 24, 2026, as usual [2]. Group 2: Margin and Price Limit Adjustments - Starting from the close on February 11, 2026, the margin requirement for various gold contracts will increase from 18% to 21%, and the price fluctuation limit will change from 17% to 20% [2]. - For silver contracts, the margin will rise from 24% to 27%, and the price limit will adjust from 23% to 26% [2]. - The margin for CAu99.99 contracts will increase from 150,000 yuan to 200,000 yuan per contract [2]. Group 3: Risk Management and Investor Guidance - In the event of a one-sided market on February 11, higher margin and price limit standards will be applied if they exceed the announced levels [3]. - Members are advised to enhance risk awareness and prepare emergency risk management plans, encouraging investors to control positions and invest rationally to ensure market stability [3].

Core Viewpoint - The Shanghai Gold Exchange has announced measures to control market risks during the 2026 Spring Festival holiday, including adjustments to margin ratios and price limits for gold and silver contracts [1] Group 1: Market Closure and Trading Schedule - The exchange will be closed from February 14 to February 23, 2026, with no night trading on February 13, and will resume normal operations on February 24, 2026 [1] Group 2: Margin and Price Limit Adjustments - Starting from the close on February 11, 2026, the margin ratio for various gold contracts (Au T+D, mAu T+D, Au T+N1, Au T+N2, NYAuTN06, NYAuTN12) will increase from 18% to 21%, and the price fluctuation limit will change from 17% to 20% [1] - The margin ratio for the silver contract (Ag T+D) will rise from 24% to 27%, with the price fluctuation limit adjusted from 23% to 26% [1] - The margin for CAu99.99 contracts will increase from 150,000 yuan to 200,000 yuan per contract [1]

Group 1 - The announcement from Guotou Silver LOF indicates that Guotou Ruijin Fund Management Co., Ltd. will adjust the valuation of its silver futures contracts based on the price fluctuations in major international silver futures markets starting from February 2, 2026 [1] - The specific silver futures contracts affected include AG2604, AG2605, AG2606, AG2608, AG2610, and AG2612, with valuation adjustments being made relative to the previous trading day's prices at 3 PM Beijing time [1] - The company will revert to using settlement prices for valuation once the contracts demonstrate active market trading characteristics, without further announcements [1] Group 2 - On February 2, 2026, if a unilateral market condition occurs for silver forward contracts, the margin ratio for the Shanghai Gold Exchange (SGE) will increase from 20% to 26%, while the margin ratio for clients of the bank will rise from 50.80% to 66.04% [3][6] - The price fluctuation limit for the SGE silver forward contracts will be adjusted from 19% to 25% starting from 8 PM on February 2, 2026, if a unilateral market condition is observed [3][6] - If no unilateral market condition occurs, the margin levels and fluctuation limits will remain unchanged [3][6]

Core Viewpoint - The Shanghai Gold Exchange has issued a market notice emphasizing the need for member units to enhance risk control measures due to significant fluctuations in precious metal prices and rising uncertainty in the market [1]. Group 1: Market Conditions - Recent factors have led to a notable increase in the volatility of precious metal prices [1]. - The exchange has highlighted the importance of closely monitoring market trends and maintaining effective risk emergency plans to ensure stable market operations [1]. Group 2: Investor Guidance - The exchange has advised investors to implement risk prevention strategies, manage their positions wisely, and engage in rational investment practices [2].

Core Viewpoint - The Shanghai Gold Exchange has issued a notice emphasizing the need for market risk control due to significant fluctuations in precious metal prices and rising uncertainty [1]. Group 1 - The notice highlights that recent market conditions have been influenced by multiple factors leading to increased volatility in precious metal prices [1]. - Member units are urged to closely monitor market trends and enhance their risk emergency plans to maintain stable market operations [1]. - Investors are advised to implement risk prevention measures, manage their positions wisely, and engage in rational investment practices [1].

Group 1 - The core viewpoint of the article emphasizes the need for market risk control in the precious metals sector due to significant price volatility and rising uncertainty influenced by multiple factors [1] - The Shanghai Gold Exchange has issued a notification urging member units to closely monitor market changes and to refine risk emergency plans to maintain market stability [1] - Investors are advised to take precautions against risks, manage their positions wisely, and engage in rational investment practices [1]

Core Viewpoint - The Shanghai Gold Exchange has issued a notice emphasizing the need for market risk control due to significant fluctuations in precious metal prices and rising uncertainty [1] Group 1 - The notice highlights that recent market conditions have led to increased volatility in precious metal prices [1] - Member units are urged to closely monitor market changes and enhance risk emergency plans to maintain market stability [1] - Investors are advised to implement risk prevention measures, manage their positions wisely, and invest rationally [1]

Core Viewpoint - The Shanghai Gold Exchange has issued a notice urging its member units to enhance market risk control as spot gold prices have surged to a historic high of over $4600 per ounce, indicating heightened market activity and interest [2][5]. Group 1 - The Shanghai Gold Exchange released an announcement on January 12, 2026, emphasizing the importance of risk management in light of recent market developments [5]. - Spot gold prices reached a new record high, surpassing $4600 per ounce during the early trading session on January 12, 2026, reflecting increased market enthusiasm [2][5].