The Guangzhou Futures Exchange issued a notice on adjusting the price limit and trading margin standards for silicon metal and lithium carbonate futures contracts during the Labor Day holiday.

Published: Apr 25, 2025 09:04

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Notice on Adjusting the Price Limit and Trading Margin Standards for Related Futures Contracts During the 2025 Labor Day Holiday

GFEX Notice [2025] No. 154

To All Member Units:

In accordance with the "GFEX Risk Management Measures," after careful consideration, the exchange has decided to adjust the price limit and trading margin standards for various futures contracts before and after the 2025 Labor Day holiday as follows:

Starting from the settlement on Tuesday, April 29, 2025, the price limit for silicon metal futures contracts will be adjusted to 8%, the speculative trading margin standard to 10%, and the hedging trading margin standard to 9%. The price limit for polysilicon futures contracts will be adjusted to 9%, the speculative trading margin standard to 11%, and the hedging trading margin standard to 10%. The price limit for lithium carbonate futures contracts will be adjusted to 10%, the speculative trading margin standard to 12%, and the hedging trading margin standard to 11%.

After the resumption of trading on Tuesday, May 6, 2025, starting from the settlement on the first trading day when the futures contract with the largest open interest for each variety does not experience a unilateral price limit without continuous quotation, the price limit, speculative trading margin standard, and hedging trading margin standard for the aforementioned futures contracts will revert to their pre-adjustment levels.

If the aforementioned price limit and trading margin standards differ from the currently implemented ones, the larger limit and higher standard shall apply.

This is hereby notified.

Guangzhou Futures Exchange

April 24, 2025

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