Core Viewpoint - The London Metal Exchange (LME) has announced new position management rules to comply with the Financial Conduct Authority (FCA) regulations regarding position limits in the commodities market, effective from July 6, 2026 [1] Group 1: New Rules Implementation - The responsibility for setting and managing position limits, exemptions, and other position management controls will shift from the FCA to the LME starting July 6, 2026 [1] - The new rules will apply to "key contracts" which include core futures contracts such as aluminum, copper, lead, nickel, tin, and zinc, as well as "related contracts" including options, TAPO, and settlement trading contracts [1] Group 2: Objectives and Future Plans - The new position management rules aim to enhance the LME's ability to directly calibrate and manage limits, ensuring that limits remain appropriate and responsive to market dynamics [1] - The LME plans to release a consultation document in February 2026 regarding proposed changes to the rules to align with the new regulatory framework [1]

Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures showed mixed performance on December 12, with significant movements in various commodity prices [1] Group 1: Sugar Futures - Raw sugar futures increased by 1.68%, closing at 15.10 cents per pound [1] Group 2: Cotton Futures - Cotton futures decreased by 0.22%, closing at 63.83 cents per pound [1] Group 3: Cocoa Futures - Cocoa futures rose by 0.14%, closing at $6,297.00 per ton [1] Group 4: Coffee Futures - Coffee futures fell by 1.77%, closing at 369.55 cents per pound [1]

苯乙烯期货硫含量检测费用由谁承担？ 根据大连商品交易所的相关规定，苯乙烯期货交割过程中，硫含量检测(作为质量检验的一部分)的费用 由货主承担。 具体来说，指定交割仓库会委托交易所指定的质量检验机构对入库商品进行质量检验，包括硫含量等指 标。检验费用由货主承担，并由指定交割仓库负责转交。 此外，如果对检验结果有异议并申请复检，复检费用需由货主在复检申请之日后的第二个自然日12:00 前向指定质量检验机构先行垫付。如果复检结果与初检结果一致，则复检费用及相关损失由货主负担； 如果复检结果与初检结果不一致，则相关费用和损失由仓库负担。 苯乙烯期货交割添加硫含量指标了。 大连商品交易所在制定交割质量标准时，以现行国标《工业用苯乙烯(GB/T3915-2011)》优等品为基 础，额外增设了"硫含量≤1mg/kg"的限值，用于识别并排除通过裂解汽油抽提工艺生产的苯乙烯。该工 艺路线产品含硫量普遍高于1mg/kg，且品质、产量均不稳定，因此被认定为非常规、非主流货源。 引入硫指标后，既保证了交割货物与现货主流品质一致，又维护了期货价格的代表性和公信力，同时兼 顾下游使用需求与可供交割量充足，提升了产业客户参与积极性。 ...

| 上期所指定交割金库 | 期货 | 增减 | | --- | --- | --- | | | 91302 | 0 | 据报道，北约秘书长吕特周四在柏林发出严厉警告，称西方必须为与俄罗斯的战争做好准备，其规模将 是"我们的祖辈或曾祖辈所经历过的"。他表示，俄罗斯总统弗拉基米尔·普京已将北约视为"下一个目 标"，冲突已迫在眉睫。 上海期货交易所指定交割仓库期货周五（12月12日）仓单日报显示，黄金期货总计91302千克，今日仓 单较上一日持平。 沪金主力盘内高位回落，周五（12月12日）黄金期货开盘价958.90元/克，截至目前最高970.88元/克， 最低955.50元/克。截止发稿报970.66元/克，涨幅1.33%，成交量为291736手，持仓为203874手，日持仓 增加11696手。 上海期货交易所黄金期货仓单日报(单位：千克) 美国白宫新闻秘书卡罗琳·莱维特11日证实，总统特朗普已收悉乌克兰与欧洲多国协商制定的最新版20 点"和平计划"。乌欧方面希望本周末与美方在法国首都巴黎会商此计划，但尚未获美方确认。按美国媒 体说法，当前各方分歧集中于乌东地区的控制权及乌方所需安全保障。 ...

Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures showed mixed performance on December 11, with fluctuations in various commodity prices [1] Group 1: Sugar and Cotton Futures - Raw sugar futures decreased by 0.34%, closing at 14.86 cents per pound [1] - Cotton futures fell by 0.19%, ending at 64.00 cents per pound [1] Group 2: Cocoa and Coffee Futures - Cocoa futures increased by 1.69%, reaching $6,326 per ton [1] - Coffee futures rose by 0.93%, closing at 375.75 cents per pound [1]

Group 1 - The Intercontinental Exchange (ICE) agricultural futures saw a broad increase in prices on December 10, with raw sugar futures rising by 1.57% to 14.90 cents per pound [1] - Cotton futures increased by 0.41%, closing at 64.12 cents per pound [1] - Cocoa futures experienced a significant rise of 5.80%, reaching $6,223.00 per ton [1] - Coffee futures rose by 0.79%, ending at 371.65 cents per pound [1]

在风险管理方面，SGX永续期货采用了稳健的保证金制度，没有高杠杆自动清算机制，这与部分去中心 化交易所（如DEX平台）在市场波动中出现的强制平仓形成鲜明对比。Syn指出，对于基差交易而言 （例如"现货多头1美元=永续期货空头1美元"），仓位保持稳定，这一模式在国债和外汇基差市场已被 长期验证。Moneta Markets外汇表示，随着市场对BTC和ETH永续期货流动性和信任的不断积累，未来 可以逐步考虑推出期权或其他加密永续合约，但目前核心重点仍是稳健执行已有合约。 12月10日，新加坡交易所（SGX）的比特币和以太坊永续期货正在稳步积累流动性，而这部分增长主要 来自新增资金，而非从其他市场转移的现金。SGX总裁Michael Syn指出，这类期货产品吸引的机构投 资者主要是进行现货与期货的套利操作，而非纯粹看涨押注。Moneta Markets外汇认为，这种逐步积累 的流动性有助于完善市场价格发现机制，并为投资者提供更加规范的风险管理工具，相比非监管市场中 常见的高杠杆自动清算，这类产品更加安全稳健。 据整理的数据，自两周前推出以来，SGX的比特币（BTC）和以太坊（ETH）永续期货交易日渐活跃。 11月2 ...

Group 1 - The Shanghai Futures Exchange announced adjustments to the trading margin ratios and price fluctuation limits for silver futures contracts, effective from the settlement at the close of trading on December 12, 2025 [1] - The price fluctuation limit for the silver futures contract AG2602 will be adjusted to 15%, while the margin ratio for holding positions will be set at 16% and for general positions at 17% [1] - Adjustments may occur based on the provisions outlined in Article 13 of the Shanghai Futures Exchange Risk Control Management Measures [1]

Group 1 - The core viewpoint of the article highlights the performance of agricultural futures on the Intercontinental Exchange (ICE) on December 9, with most contracts closing higher, except for raw sugar futures which declined [1] Group 2 - Raw sugar futures fell by 1.08%, closing at 14.66 cents per pound [1] - Cotton futures increased by 0.30%, closing at 63.87 cents per pound [1] - Cocoa futures rose by 3.09%, closing at $5,877.00 per ton [1] - Coffee futures saw a slight increase of 0.38%, closing at 367.60 cents per pound [1]

泛糖专区的出现，为深陷困境的企业带来了机遇。而这，得益于产业培训、龙头联动、平台推广的三管 齐下、三重推动。 2022年年初，企业团队参加了泛糖科技在南宁举办的基差贸易专题会，首次系统了解到泛糖专区"期货 定价+现货交收"的模式。随后，通过与率先参与该业务的行业头部企业交流取经，得到了实操层面的 初步认知。最后，泛糖科技团队主动上门，为企业定制针对性方案，促使企业完成从了解到意向参与的 转变。 而真正打动企业的，是平台背后的权威保障与全流程服务能力。"郑商所的国家重要金融基础设施属性 背书与泛糖科技的国有控股背景，从根源上规避了对手方信用风险；'期货市场定价，现货平台交收'的 核心逻辑，实现了基差挂牌、点价到交收的'一站式'服务；公开的升贴水报价和成交数据，为公允定价 提供了权威参考。"上述负责人表示，泛糖专区的货源选择、品牌置换功能，更让库存管理变得灵活高 效。 2022年10月，企业完成泛糖专区注册与资质审核，通过100吨小批量试单验证后，2023年正式规模化参 与该业务，至今已稳定运行2年多时间。 交易数据的跨越式增长，足以证明平台带来的实际价值。数据显示，2023年购销总量6.7万吨，2024年 突破 ...