Core Points - The Dalian Commodity Exchange announced adjustments to the price limit and margin levels for various futures contracts before and after the 2025 National Day and Mid-Autumn Festival holidays [1][2] Group 1: Adjustments Before the Holidays - From September 29, 2025, the price limit for iron ore futures will be adjusted to 11%, with a margin level of 13% [1] - The price limit for coking coal futures will also be set at 11%, with a margin level adjusted to 15% [1] - For soybean futures (both No. 1 and No. 2), the price limit will be 8%, and the margin level will be 9% [1] - Other commodities such as palm oil, eggs, and ethylene glycol will have a price limit of 9% and a margin level of 10% [1] - The price limit for corn starch and japonica rice will be set at 7%, with a margin level of 8% [1] - The price limit for live pigs will be 9%, with a margin level of 11% [1] - The price limit for pure benzene will be adjusted to 10%, with a margin level of 11% [1] - For fiberboard and plywood, the price limit will be 7%, with the margin level remaining unchanged [1] Group 2: Adjustments After the Holidays - Trading will resume on October 9, 2025, with the price limits and margin levels for various futures contracts returning to pre-holiday standards [2] - This includes iron ore, coking coal, and various agricultural products, which will revert to their previous price limits and margin levels [2] Group 3: Comparison of Risk Control Parameters - A detailed comparison table outlines the changes in price limits and margin levels for each commodity before, during, and after the holiday period [3][4] - The adjustments reflect a strategic response to market conditions and risk management practices as per the Dalian Commodity Exchange's regulations [4]

Group 1 - The core viewpoint of the articles highlights a significant increase in lithium carbonate prices due to supply concerns stemming from the suspension of mining operations in the Jiangxi region, particularly the Jiangxia Wokou mining area, which is expected to impact the overall supply-demand balance in the industry [1][2] - The Jiangxia Wokou mining area, which contributes approximately 10,000 tons per month, accounts for about 12.5% of the domestic lithium carbonate production, and its suspension is anticipated to shift the market from a tight balance to a shortage [1] - The new Mineral Resources Law set to be implemented in 2025 is causing concerns regarding the approval processes for other major mining areas, further exacerbating supply worries in the lithium market [1] Group 2 - On August 11, the domestic futures market saw a general increase, with lithium carbonate contracts hitting the limit up, rising over 8%, while other commodities like industrial silicon and red dates also saw gains exceeding 3% [2] - In contrast, commodities such as eggs, fuel, plywood, crude oil, and urea experienced declines of over 1% [2]

Core Viewpoint - The Dalian Commodity Exchange has decided to adjust the margin level for plywood futures contracts from 40% to 15%, effective from June 9, 2025 [1] Group 1 - The margin adjustment is aimed at increasing trading activity in plywood futures [1] - The new margin level is expected to enhance liquidity in the plywood market [1] - This change reflects the exchange's strategy to attract more participants to the plywood futures market [1]