Core Viewpoint - The announcement from the Dalian Commodity Exchange regarding adjustments to the margin standards for polysilicon futures contracts indicates a regulatory shift aimed at managing speculative trading and ensuring market stability [1] Group 1: Margin Adjustments - Starting from December 3, 2025, the margin requirement for speculative trading on the polysilicon futures contract 2601 will be set at 13% [1] - The margin requirement for hedging transactions will be adjusted to 12% [1] Group 2: Trading Limits - Non-futures company members or clients will be restricted to a maximum daily opening position of 500 lots on the polysilicon futures PS2601 contract [1] - The daily opening position is defined as the total of buy and sell opening positions on a single contract for that day [1] - There are no restrictions on daily opening positions for hedging and market-making transactions [1] Group 3: Account Management - Accounts with actual control relationships will be managed as a single account for the purpose of these trading limits [1] - In cases where the new margin standards differ from the current standards, the higher of the two will be applied [1]