All related parties,

In accordance with the Trading Schedule during National Holidays for Year 2026, Shanghai Futures Exchange (hereinafter referred to as “SHFE”) hereby notifies the trading adjustments for the Mid-Autumn Festival and the National Day 2026 as follows:

1. The market will be closed from 3:00 p.m. of September 24, 2026 to September 27, 2026.

The market will trade from September 28, 2026 to September 30, 2026, and there will be no night trading session on September 30, 2026.

The market will be closed from October 1, 2026 to October 7, 2026.

The market will resume trading on October 8, 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 Wednesday, September 23, 2026, SHFE will adjust the price limits and the trading margin rates for the contracts listed below when the daily clearing process begins:

The price limits of Fuel Oil futures contracts will be ±16% from the settlement price of the previous trading day, the trading margin rates for hedging will be 17% of the contract value, and the trading margin rates for general positions will be 18% of the contract value. Among them, for the Fuel Oil futures contracts FU2610 and FU2611, the price limits will be ±18% from the settlement price of the previous trading day, the trading margin rates for hedging will be 19% of the contract value, and the trading margin rates for general positions will be 20% of the contract value.

The price limits of Bitumen and Butadiene Rubber 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. 

3. As from Tuesday, September 29, 2026, SHFE will adjust the price limits and the trading margin rates for the contracts listed below when the daily clearing process begins:

The price limits of Copper, Aluminum, Zinc, Lead, Aluminium Oxide and Natural Rubber futures contracts 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 and Steel Wire Rod futures contracts 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 Tin 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 Cast Aluminum Alloy futures contracts will be ±8% from the settlement price of the previous trading day, the trading margin rates for hedging will be 9% of the contract value, and the trading margin rates for general positions will be 10% of the contract value. 

The price limits of Gold and Silver futures contracts will be ±16% from the settlement price of the previous trading day, the trading margin rates for hedging will be 17% of the contract value, and the trading margin rates for general positions will be 18% of the contract value. Among them, for the Silver futures contracts AG2610, AG2611, AG2612, AG2701, AG2702, AG2703, AG2704, the price limits will remain ±20% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 21% of the contract value, and the trading margin rates for general positions will remain 22% of the contract value. For the Silver futures contracts AG2705, AG2706, the price limit will remain ±17% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 18% of the contract value, and the trading margin rates for general positions will remain 19% of the contract value. 

The price limits of Steel Rebar, Hot Rolled Coils, Stainless Steel, Woodpulp, and Offset Paper futures contracts will be ±7% from the settlement price of the previous trading day, the trading margin rates for hedging will be 8% of the contract value, and the trading margin rates for general positions will be 9% of the contract value. 

The price limits of Fuel Oil futures contracts FU2610 and FU2611 will be ±20% from the settlement price of the previous trading day, the trading margin rates for hedging will be 21% of the contract value, and the trading margin rates for general positions will be 22% 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 adjusted on the basis of the above mentioned parameters.

4.  The market will resume trading on Thursday, October 8, 2026. As from the first trading day without a Limit-locked market,  the price limits and the trading margin rates for all futures contracts will return to their original levels when the daily clearing process begins, except for the futures contracts listed below:

The price limits of Copper, Aluminum, Zinc, Lead and Aluminium Oxide futures contracts 2610-2702 will remain ±9% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 10% of the contract value, and the trading margin rates for general positions will remain 11% of the contract value. 

The price limits of Nickel futures contracts NI2610-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 Tin futures contracts SN2610-SN2703 will remain ±12% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 13% of the contract value, and the trading margin rates for general positions will remain 14% of the contract value. 

The price limits of Cast Aluminum Alloy futures contracts AD2610-AD2702 will remain ±8% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 9% of the contract value, and the trading margin rates for general positions will remain 10% of the contract value. 

The price limits of Silver futures contracts AG2610-AG2704 will remain ±20% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 21% of the contract value, and the trading margin rates for general positions will remain 22% of the contract value. For the Silver futures contracts AG2705, AG2706, the price limits will remain ±17% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 18% of the contract value, and the trading margin rates for general positions will remain 19% of the contract value. 

The price limits of Fuel Oil futures contract FU2611 will remain ±20% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 21% of the contract value, and the trading margin rates for general positions will remain 22% of the contract value. 

The price limits of Steel Wire Rod futures contracts will remain ±10% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 11% of the contract value, and the trading margin rates for general positions will remain 12% of the contract value. 

Please refer to the Risk Management Rules of the Shanghai Futures Exchange for other provisions concerning the price limits and trading margins.

All related parties shall manage risks in a sound manner to ensure the orderly functioning of the market and smooth deliveries.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

Appendix: The Adjustments of the Price Limits and Trading Margin Rates of Futures Contracts for the Mid-Autumn Festival and the National Day 2026

Shanghai Futures Exchange

September 21, 2026