SHFE Releases Work Arrangements for the 2025 Dragon Boat Festival Holiday

SHFE issued a notice on May 27 regarding work arrangements during the 2025 Dragon Boat Festival holiday.

Notice on Work Arrangements During the 2025 Dragon Boat Festival Holiday

The original text is as follows:

Relevant Units:

In accordance with the "Announcement of the Shanghai Futures Exchange on Market Closure Arrangements for 2025" (SHFE Announcement [2024] No. 204), the work arrangements during the Dragon Boat Festival holiday are as follows:

1. No night session trading will be conducted on the evening of May 30, 2025 (Friday).

The market will be closed from May 31, 2025 (Saturday) to June 2, 2025 (Monday).

On June 3, 2025 (Tuesday), from 08:55 to 09:00, call auction will be conducted for all futures and options contracts, and night session trading will resume that evening.

2. Starting from the settlement at the close of trading on May 29, 2025 (Thursday), the margin ratios and price limit ranges will be adjusted as follows:

For alumina futures contracts, the price limit range will be adjusted to 9%, the margin ratio for hedging transactions will be adjusted to 10%, and the margin ratio for speculative transactions will be adjusted to 11%.

For silver futures contracts, the price limit range will be adjusted to 12%, the margin ratio for hedging transactions will be adjusted to 13%, and the margin ratio for speculative transactions will be adjusted to 14%.

For gold futures contracts, the price limit range will be adjusted to 13%, the margin ratio for hedging transactions will be adjusted to 14%, and the margin ratio for speculative transactions will be adjusted to 15%.

In the event of circumstances specified in Article 12 of the "Administrative Measures for Risk Control of the Shanghai Futures Exchange," adjustments will be made based on the aforementioned margin ratios and price limit ranges.

3. After trading on June 3, 2025 (Tuesday), starting from the settlement at the close of the first trading day without a unilateral market, the price limit ranges and margin ratios will be adjusted as follows:

The price limit range and margin ratio for gold futures contracts will revert to their original levels.

For alumina futures contracts, the price limit range will remain at 9%, the margin ratio for hedging transactions will remain at 10%, and the margin ratio for speculative transactions will remain at 11%.

For silver futures contracts, the price limit range will remain at 12%, the margin ratio for hedging transactions will remain at 13%, and the margin ratio for speculative transactions will remain at 14%.

Other matters regarding price limit ranges and margin ratios shall be implemented in accordance with the "Administrative Measures for Risk Control of the Shanghai Futures Exchange."

Relevant units are requested to take proactive measures for risk prevention to ensure market stability and smooth delivery.

This notice is hereby given.

Attachment: List of Adjustments to Price Limit Ranges and Margin Ratios for Relevant Varieties During the Dragon Boat Festival Holiday

Shanghai Futures Exchange

May 27, 2025

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