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Shanghai International Energy Exchange has released its Circular on Adjusting the Trading Margin Rates and Price Limits of Certain Futures Contracts as follows:
All related parties,
Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:
As from April 10, 2025, INE will adjust the trading margin rates and the price limits for the contracts listed below when the daily clearing process begins:
The price limits of Crude Oil and Low Sulfur Fuel Oil futures contracts will be ±9% from the settlement price of that day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for speculative trading will be 11% of the contract value.
In case of the situation stipulated in Article 16 of the Risk Management Rules of the Shanghai International Energy Exchange, the trading margin rates and the price limits will be adjusted on the basis of the above mentioned parameters.
Please refer to the Risk Management Rules of the Shanghai International Energy Exchange for other provisions concerning the trading margin rates and the price limits.
In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.
Appendix: The Adjustments of Trading Margin Rates and Price Limits of Certain Futures Contracts
