Shanghai International Energy Exchange has released its Notice on Trading Adjustments for the Mid-Autumn Festival and the National Day 2026 as follows:

All related parties,

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 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 Crude Oil and Low Sulfur 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 Crude Oil futures contracts SC2610, SC2611 and Low Sulfur Fuel Oil futures contracts LU2610, LU2611, the price limit 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 Containerized Freight Index (Europe Service) futures contracts will be ±17% 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 19% of the contract value. Among them, for the Containerized Freight Index (Europe Service) futures contracts EC2609, EC2610, EC2612, EC2703, the price limits will be ±20% from the settlement price of the previous trading day, the trading margin rates for hedging will be 22% of the contract value, and the trading margin rates for general positions will be 22% 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 Bonded Copper and TSR 20 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 Crude Oil futures contracts SC2610, SC2611 and Low Sulfur Fuel Oil futures contracts LU2610, LU2611 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 16 of the Risk Management Rules of the Shanghai International Energy 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 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 Bonded Copper futures contracts BC2610-BC2702 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 Crude Oil futures contract SC2611 and Low Sulfur Fuel Oil futures contract LU2611 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 Containerized Freight Index (Europe Service) futures contracts EC2609, EC2610, EC2612, EC2703 will remain ±20% from the settlement price of the previous trading day, the trading margin rates for hedging will remain 22% of the contract value, and the trading margin rates for general positions will remain 22% of the contract value. 

Please refer to the Risk Management Rules of the Shanghai International Energy 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 International Energy Exchange

September 21, 2026