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GFEX Adjusts Futures Price Limits and Margin Requirements Ahead of 2026 National Day Holiday

The Guangzhou Futures Exchange will widen daily price limits and raise trading margin requirements for several contracts effective the settlement on Sept. 29, 2026, ahead of the National Day holiday. Industrial silicon futures will move to a 10% limit with speculative margin at 12% and hedging margin at 11%. Polysilicon, lithium carbonate, and platinum and palladium contracts will see limits of 11%, 15%, and 16% respectively.

Original source

AI take

The exchange is using the pre-holiday window to pre-emptively de-risk its fastest-moving contracts, and the tiering is telling: platinum and palladium get the widest limits and lithium carbonate the next widest, while industrial silicon sits at the bottom. That ordering signals where GFEX sees the most gap risk if overseas markets move while Chinese venues are closed, and it puts the burden on leveraged participants in the metals and battery-material complexes to meet higher margin before the break. Whether the exchange unwinds these settings once trading resumes is the open question.

Generated by AI for reference only.

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