SHFE Released Notice on Work Arrangements for the 2026 Labor Day Holiday

SHFE issued a notice on April 27 regarding work arrangements during the 2026 Labor Day holiday.

The original text is as follows:

Notice on Work Arrangements During the 2026 Labor Day Holiday

To all relevant entities:

In accordance with the "Announcement of Shanghai Futures Exchange on Market Closure Arrangements for 2026" (SHFE Announcement [2025] No. 157), the work arrangements during the Labor Day holiday are as follows:

1. No night session trading will be conducted on the evening of April 30, 2026 (Thursday).

The market will be closed from May 1, 2026 (Friday) to May 5, 2026 (Tuesday).

On May 6, 2026 (Wednesday), call auction for all futures and options contracts will be held from 08:55 to 09:00, and night session trading will resume that evening.

2. Effective from the closing settlement on April 29, 2026 (Wednesday), the price limit ranges and trading margin ratios will be adjusted as follows:

For copper futures cu2703 and cu2704, aluminum futures al2703 and al2704, zinc futures zn2703 and zn2704, lead futures pb2703 and pb2704, and alumina futures ao2703 and ao2704 contracts: the price limit range is 10%, the hedging open interest trading margin ratio is 11%, and the general open interest trading margin ratio is 12%.

For cast aluminum alloy futures ad2703 and ad2704, wire rod futures wr2703 and wr2704, and stainless steel futures ss2703 and ss2704 contracts: the price limit range is 8%, the hedging open interest trading margin ratio is 9%, and the general open interest trading margin ratio is 10%.

For rebar futures rb2703 and rb2704, and hot-rolled coil futures hc2703 and hc2704 contracts: the price limit range is 7%, the hedging open interest trading margin ratio is 8%, and the general open interest trading margin ratio is 9%.

For nickel futures ni2704 and tin futures sn2704 contracts: the price limit range is 12%, the hedging open interest trading margin ratio is 13%, and the general open interest trading margin ratio is 14%.

For natural rubber futures ru2704 contract: the price limit range is 9%, the hedging open interest trading margin ratio is 10%, and the general open interest trading margin ratio is 11%.

For pulp futures sp2704 and offset printing paper futures op2704 contracts: the price limit range is 7%, the hedging open interest trading margin ratio is 8%, and the general open interest trading margin ratio is 9%.

In the event of circumstances stipulated in Article 13 of the "Risk Management Measures of Shanghai Futures Exchange," adjustments will be made based on the above price limit ranges and trading margin ratios.

3. After trading on May 6, 2026 (Wednesday), effective from the closing settlement on the first trading day without a limit-up or limit-down move, the price limit ranges and trading margin ratios will be adjusted as follows:

The price limit ranges and trading margin ratios for the above futures contracts will be restored to their original levels.

Other matters concerning price limits and trading margins shall be handled in accordance with the "Risk Management Measures of Shanghai Futures Exchange" and related business rules.

All relevant entities are requested to take proper risk prevention measures to ensure market stability and smooth delivery.

This notice is hereby given.

Attachment:

Shanghai Futures Exchange

Apr 2026