Core Viewpoint - The Guangxi Futures Exchange has announced adjustments to margin requirements and price fluctuation limits for various futures contracts, effective from December 30, 2025 [1] Group 1: Margin Adjustments - The margin requirement for both speculative and hedging transactions for polysilicon futures contracts is set to be 15% [1] - The margin for speculative trading of lithium carbonate futures is adjusted to 12%, while the hedging margin is set at 11% [1] - Platinum and palladium futures contracts will maintain a margin requirement of 15% for both speculative and hedging transactions [1] Group 2: Price Fluctuation Limits - The price fluctuation limit for polysilicon futures contracts will remain unchanged [1] - The price fluctuation limit for lithium carbonate futures contracts is adjusted to 10% [1] - The price fluctuation limit for platinum and palladium futures contracts is set at 13% [1]

同日，上期所子公司上期能源发布通知，自2025年12月9日收盘结算时起，原油、低硫燃料油期货合约 的涨跌停板幅度调整为7%，套保持仓交易保证金比例调整为8%，一般持仓交易保证金比例调整为9%。 （齐宣） （文章来源：期货日报网） 本报讯上期所12月5日发布通知，自2025年12月9日收盘结算时起， 燃料油、石油沥青期货合约的涨跌 停板幅度调整为7%，套保持仓交易保证金比例调整为8%，一般持仓交易保证金比例调整为9%。 ...

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]