Core Viewpoint - The Shanghai Futures Exchange (SHFE) has implemented measures to restrict trading for certain clients due to excessive trading volumes, indicating a proactive approach to market regulation and risk management [2][3][5]. Regulatory Measures - On February 10, 2026, SHFE announced restrictions on specific accounts that exceeded trading limits, violating the exchange's regulations [3]. - Recently, SHFE has raised margin requirements and adjusted price fluctuation limits for various contracts, including copper, aluminum, and gold, to enhance market stability [4][5]. - The fluctuation limits for contracts such as copper (CU2702) and aluminum (AL2702) have been set at 10%, with margin requirements adjusted to 11% for hedging and 12% for general positions [4]. Market Stability Efforts - Analysts note that the SHFE is closely monitoring market conditions due to increased volatility and external uncertainties, emphasizing the importance of maintaining systemic risk control [6]. - Since January 2026, SHFE has issued multiple risk alerts and implemented measures across 24 commodities, including raising margin requirements and tightening trading limits to mitigate risks [6]. - The exchange has intensified its regulatory scrutiny, conducting investigations into actual control relationships among clients to ensure compliance [6]. Investment Recommendations - Experts suggest that investors should adopt a cautious approach, particularly in the context of volatile precious metals markets, and consider light positions during the upcoming holiday period [7][8]. - It is advised that investors manage their risk exposure by controlling leverage, managing positions, and setting stop-loss orders, while remaining vigilant about macroeconomic changes [9].