Shanghai Futures Exchange (hereinafter referred to as “SHFE”) hereby notifies the trading adjustments as follows:
As from Thursday, July 2, 2026, SHFE will adjust the price limits and trading margin rates for the contracts listed below when the daily clearing process begins:
The price limits of Gold futures contracts AU2607, AU2608, AU2609, AU2610, AU2612, AU2702, AU2704 will be ±14% from the settlement price of the previous trading day, the trading margin rates for hedging will be 15% of the contract value, and the trading margin rates for general positions will be 16% of the contract value.
The price limits of Copper futures contracts CU2607, CU2608, CU2609, CU2610, CU2611, CU2612, CU2701, CU2702 will be ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for general positions will be 11% of the contract value.
The price limits of Aluminum futures contracts AL2607, AL2608, AL2609, AL2610, AL2611, AL2612, AL2701, AL2702 will be ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for general positions will be 11% of the contract value.
The price limits of Zinc futures contracts ZN2607, ZN2608, ZN2609, ZN2610, ZN2611, ZN2612, ZN2701, ZN2702 will be ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for general positions will be 11% of the contract value.
The price limits of Lead futures contracts PB2607, PB2608, PB2609, PB2610, PB2611, PB2612, PB2701, PB2702 will be ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for general positions will be 11% of the contract value.
The price limits of Aluminium Oxide futures contracts AO2607, AO2608, AO2609, AO2610, AO2611, AO2612, AO2701, AO2702 will be ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will be 10% of the contract value, and the trading margin rates for general positions will be 11% of the contract value.
The price limits of Nickel futures contracts NI2607, NI2608, NI2609, NI2610, NI2611, NI2612, NI2701, NI2702, NI2703 will be ±10% from the settlement price of the previous trading day, the trading margin rates for hedging will be 11% of the contract value, and the trading margin rates for general positions will be 12% of the contract value.
The price limits of Stainless Steel futures contracts SS2607, SS2608, SS2609, SS2610, SS2611, SS2612, SS2701, SS2702 will be ±5% from the settlement price of the previous trading day, the trading margin rates for hedging will be 6% of the contract value, and the trading margin rates for general positions will be 7% of the contract value.
In case of the situation stipulated in Article 13 of the Risk Management Rules of the Shanghai Futures Exchange, the price limits and the trading margin rates will be further adjusted on the basis of the above mentioned parameters.
Please refer to the Risk Management Rules of the Shanghai Futures Exchange for other provisions concerning the price limits and trading margins.
In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.
