Shanghai International Energy Exchange has released its Circular on Trading Adjustments for Spring Festival 2026 as follows:
In accordance with the Trading Schedule during National Holidays for Year 2026, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments for Spring Festival 2026 as follows:
1. The market will be closed from 3:00 p.m. of February 13, 2026 to February 23, 2026.
The market will resume trading on February 24, 2026 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.
2. As from February 12, 2026, INE will adjust the price limits and trading margin rates for the contracts listed below when the daily clearing process begins:
The price limits of listed Bonded Copper futures contracts will be ±13% from the settlement price of the previous trading day, the trading margin rates for hedging will be 14% of the contract value, and the trading margin rates for general positions will be 15% of the contract value.
The price limits of listed Crude Oil, Low Sulfur Fuel Oil and TSR 20 futures contracts will be ±12% from the settlement price of the previous trading day, the trading margin rates for hedging will be 13% of the contract value, and the trading margin rates for general positions will be 14% of the contract value.
The price limits of listed Containerized Freight Index (Europe Service) futures contracts, including EC2605, EC2607, and EC2609 which will be listed on February 10, will be ±18% from the settlement price of the previous trading day, the trading margin rates will be 20% 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.
3. The market will resume trading on February 24, 2026. As from the first trading day without a Limit-locked market, INE will adjust the price limits and the trading margin rates for the contracts listed below when the daily clearing process begins:
The price limits and the trading margin rates for all listed futures contracts will return to their original levels.
Please refer to the Risk Management Rules of the Shanghai International Energy Exchange for other provisions concerning the trading margins and the price limits.
All related parties shall manage risks in a sound manner to ensure the smooth functioning of the market.
In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.
Shanghai International Energy Exchange
February 9, 2026
Rules and Regulations
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