Exchange notices, July 2026

CZCE consults on draft amendments to futures trading and market-maker rules; comments due 27 July 2026

关于就修订《郑州商品交易所期货交易管理办法》《郑州商品交易所做市商管理办法》征求意见的公告

CZCE published a consultation on proposed revisions to two sets of its rules: the Futures Trading Management Measures (郑州商品交易所期货交易管理办法) and the Market Maker Management Measures (郑州商品交易所做市商管理办法). Comments must be sent by email to the exchange on or before 27 July 2026. These are draft proposals only. The notice does not state an effective date.

TimingComment deadline: on or before 27 July 2026, inclusive. This is not an effective date. No effective date is stated.

DCE consults on live hog futures delivery invoice-type rule changes; comments before 30 July 2026

关于就生猪交割发票类型相关规则修改公开征求意见的公告

DCE published a proposal to amend its Live Hog Futures Business Rules to improve provisions on the types of invoices used in live hog delivery, and opened it for public comment. Written or email comments must reach DCE before 30 July 2026. This is a consultation only; the notice states no effective date, and the proposed rule text is not set out in the notice.

TimingComment deadline: before 30 July 2026. No effective date is stated.

DCE consults on Trading Management Measures amendments on emergency measures; comments before 30 July 2026

关于就修改《大连商品交易所交易管理办法》公开征求意见的公告

DCE published for public comment proposed amendments to its Trading Management Measures (《大连商品交易所交易管理办法》). The draft would refine the provisions on the scenarios in which emergency measures apply. Comments are invited in writing or by email before 30 July 2026. This is a proposal only; the notice states no effective date.

TimingComment deadline: before 30 July 2026. No effective date is stated.

SHFE consults on Trading Management Rules amendments for emergency procedures; comments before 30 Jul 2026

关于就修订《上海期货交易所交易管理办法》公开征求意见的公告

SHFE published for public comment a draft revision of the 《上海期货交易所交易管理办法》 (SHFE Trading Management Rules), intended to improve emergency procedures. This is a proposal, not an adopted rule. Comments may be sent in writing or by email before 30 July 2026. The comment deadline is not an effective date.

TimingComment deadline: before 30 July 2026. The notice states no effective date.

CFFEX lists IF2703, IC2703, IM2703, IH2703 futures and IO/MO/HO2610 options on 20 July 2026

股指期货和股指期权新合约上市通知

CFFEX announced that new stock index futures contracts IF2703, IC2703, IM2703 and IH2703 begin trading on 20 July 2026. The listing benchmark prices are IF2703 4420.0 points, IC2703 7275.2 points, IM2703 6930.4 points and IH2703 2773.8 points. The IO2610, MO2610 and HO2610 stock index option month contracts also begin trading on 20 July 2026.

TimingListing date: 20 July 2026.

CZCE and CFA launch 9th 'CZCE Cup' student derivatives contest: trading track runs 15 Jul–4 Dec

关于举办第九届“郑商所杯”大学生金融衍生品专业能力大赛的通知

On 14 July 2026, CZCE and the China Futures Association (中期协) announced the 9th 'CZCE Cup' university student financial derivatives competition, which is open to undergraduate and graduate students. The trading track is a simulated-trading contest in all listed CZCE futures and options contracts. Registration runs from 15 July to 30 November and trading from 15 July to 4 December. Each account starts with 500,000 yuan of virtual margin, fees are charged at 1.5 times CZCE's standard rate, and accounts need at least 5 active trading days to be eligible for awards. The research track has registration until 30 September, research plans due 8 October, reports due 20 November, and an offline final planned for mid-December.

TimingTrading track: registration 15 July to 30 November, competition 15 July to 4 December. Research track: registration 15 July to 30 September, research plan deadline 8 October, report deadline 20 November, offline final planned for mid-December (exact date to be announced).

CZCE postpones listing of rapeseed futures RS2707 and later contracts after RS2607 delisting

关于推迟油菜籽期货RS2707合约及后续合约挂牌的通知

CZCE announced on 13 July 2026 that, after rapeseed futures contract RS2607 is delisted, the listing of rapeseed futures RS2707 and subsequent contracts is temporarily postponed. The exchange said the move supports the revision of rapeseed futures contracts and rules. The listing time for these contracts will be announced separately by the exchange.

TimingApplies after the delisting of rapeseed futures contract RS2607; the new listing time for RS2707 and later contracts will be notified separately. No calendar date is stated.

GFEX PS2707, LC2707: fees, 5-lot minimum opening order, daily opening caps of 200 and 400 lots

关于多晶硅期货PS2707合约、碳酸锂期货LC2707合约有关事项的公告

GFEX set trading arrangements for polysilicon PS2707 and lithium carbonate LC2707 futures. PS2707 fees are 0.01% of turnover (0.025% for intraday close-today trades), and the daily opening-volume cap is 200 lots for non-futures-company members and clients. LC2707 fees are 0.016% of turnover (0.032% for intraday close-today trades), with a cap of 400 lots. For both contracts the minimum order is 5 lots to open and 1 lot to close. Hedging and market-making trades are exempt from the caps, and accounts under actual control are treated as one account.

SHFE consults on stainless steel futures rule amendments: comments due before 17 July 2026

关于就修订《上海期货交易所不锈钢期货业务细则》公开征求意见的公告

SHFE proposed amendments to its Stainless Steel Futures Business Rules (上海期货交易所不锈钢期货业务细则) and opened them for public comment on 10 July 2026. Comments must be sent to SHFE in writing or by email before 17 July 2026. This is a draft proposal; the comment deadline is not an effective date.

TimingComment deadline: before 17 July 2026. No effective date is stated.

SHFE June 2026 self-regulation report: 39 abnormal trading cases, 12 account groups restricted

关于2026年6月自律监管信息的公告

SHFE published its self-regulatory supervision information for June 2026. It handled 39 abnormal trading cases: 18 for excessive self-trades, 9 for excessive frequent order submission and cancellation, and 12 for excessive intraday opening volume, with clients warned through member firms. SHFE imposed opening-position restrictions on 12 actual-control account groups and conducted an actual-control investigation into 1 group of 12 clients.

DCE amends delivery rules and No. 2 soybean futures rules for B2708 and later contracts

关于修改《大连商品交易所交割管理办法》和《大连商品交易所黄大豆2号期货业务细则》的公告

DCE published amendments to its Delivery Management Measures and its No. 2 Soybean (黄大豆2号) Futures Business Rules. The DCE board approved the amendments, which apply to B2708 and later contracts. From the 4th trading day after the last delivery day in July 2027, DCE will register standard warehouse receipts using the amended delivery unit. The notice text does not state the new delivery unit value.

TimingApplies to B2708 and later contracts. Standard warehouse receipt registration under the amended delivery unit starts on the 4th trading day after the last delivery day in July 2027.

SHFE sets price limits and margins for bitumen, BR, RU, SP, OP futures from 10 Jul 2026 settlement

关于调整石油沥青等期货相关合约涨跌停板幅度和交易保证金比例的通知

SHFE set new daily price limits and trading margins from closing settlement on 10 July 2026. Bitumen and butadiene rubber futures: 10% limit, 11% hedging margin, 12% general margin. Natural rubber RU2607-RU2611, RU2701 and RU2703: 7%, 8%, 9%. Pulp and offset printing paper SP/OP2607-2612 and 2701-2703: 5%, 6%, 7%. If Article 13 of the SHFE Risk Control Rules applies, levels are adjusted on top of these.

TimingFrom closing settlement on Friday, 10 July 2026.

SHFE consults on draft revised Market Maker Management Measures: comments before 15 July 2026

关于就修订《上海期货交易所做市商管理办法》公开征求意见的公告

On 8 July 2026, SHFE published for public comment a proposed revision of the 《上海期货交易所做市商管理办法》 (SHFE Market Maker Management Measures). This is a draft proposal only; the notice does not state an effective date. Comments may be sent in writing or by email before 15 July 2026. The revision explanation, comparison table and consultation draft are provided as attachments.

TimingComment deadline: before 15 July 2026. No effective date is stated.

SHFE sets pulp and offset printing paper futures fees at 0.2 bp of turnover from 10 Jul 2026 trading

关于调整纸浆、胶版印刷纸期货交易手续费的通知

SHFE announced that, starting from trading on 10 July 2026 (the night session of 9 July), the transaction fee for pulp futures is 0.2 basis points of turnover. The transaction fee for offset printing paper futures is also set at 0.2 basis points of turnover. A contract-by-contract fee table is provided as an attachment.

TimingFrom trading on 10 July 2026, starting with the night session of 9 July 2026.

SHFE republication: INE sets NR2607-NR2703 price limit 7%, margin 8%/9% from 10 Jul 2026 settlement

上海国际能源交易中心发布关于调整20号胶期货相关合约涨跌停板幅度和交易保证金比例的通知

SHFE republished the following INE announcement. From closing settlement on 10 July 2026 (Friday), INE sets the daily price limit at 7% for TSR 20 (No. 20 rubber) futures contracts NR2607, NR2608, NR2609, NR2610, NR2611, NR2612, NR2701, NR2702 and NR2703. For these contracts, the trading margin is 8% for hedging positions and 9% for general positions. If circumstances under Article 16 of the INE Risk Control Management Rules arise, further adjustments will be made on top of these levels.

TimingFrom closing settlement on 10 July 2026 (Friday).

DCE cuts pure benzene price limit to 6%, margin to 7%; BZ2608/BZ2609 to 8%/10% from 10 Jul 2026 settlement

关于调整纯苯期货合约涨跌停板幅度和交易保证金水平的通知

DCE announced that, from settlement on 10 July 2026 (Friday), pure benzene futures contracts will have their daily price limit changed from 7% to 6% and their trading margin from 8% to 7%. For pure benzene BZ2608 and BZ2609 contracts, the price limit changes from 12% to 8% and the trading margin from 14% to 10%. Where a contract also meets other price-limit and margin adjustment provisions of the DCE Risk Management Measures, the larger of the applicable values applies.

TimingFrom settlement on 10 July 2026 (Friday).

DCE cuts styrene fees to 1 yuan/lot; pure benzene fees move to 3 yuan/lot from 9 Jul 2026 night session

关于调整苯乙烯和纯苯期货品种手续费标准的通知

DCE announced new transaction fee rates for styrene and pure benzene futures, effective from trading on 10 July 2026, starting with the 9 July night session. Styrene fees change from 3 yuan/lot to 1 yuan/lot for speculative trades, intraday and non-intraday, and from 1.5 yuan/lot to 0.5 yuan/lot for hedging trades. Pure benzene fees change from 0.01% of turnover to 3 yuan/lot for speculative trades, and from 0.005% of turnover to 1.5 yuan/lot for hedging trades.

TimingFrom trading on 10 July 2026, starting with the 9 July 2026 night session.

GFEX polysilicon PS2607-PS2706 fee 1bp, lithium carbonate LC2607-LC2706 1.6bp from 9 Jul 2026

关于调整多晶硅、碳酸锂期货相关合约交易手续费标准的通知

GFEX announced new transaction fees from trading on 9 July 2026. For polysilicon futures PS2607 through PS2706, the fee is set at 1 basis point of turnover, while the intraday close-today fee stays at 2.5 basis points. For lithium carbonate futures LC2607 through LC2706, the fee is set at 1.6 basis points of turnover, while the intraday close-today fee stays at 3.2 basis points.

TimingFrom trading on 9 July 2026.

CZCE thermal coal 2707: 50% margin, 10% price limit, 20-lot daily opening cap

关于动力煤期货2707合约有关事项的公告

CZCE set the trading margin for thermal coal futures contract 2707 at 50% and the daily price limit at 10%. Higher levels required under the rules still apply. Non-futures-company members and clients may open at most 20 lots per day in the contract, counting buy and sell opens together. Account groups under actual control count as one client, and hedging and market-making opens are exempt. A first breach brings an opening suspension of at least 5 trading days, and 2 cumulative breaches bring at least 1 month.

DCE consults on draft coke futures options contract; comments due before 13 July 2026

关于就焦炭期货期权合约公开征求意见的公告

DCE published a draft contract for coke futures options (Dalian Commodity Exchange Coke Futures Options Contract, draft for comment) and invited public comment. Comments must reach the exchange in writing or by email before 13 July 2026. This is a proposal only. The notice does not state a listing or effective date.

TimingComment deadline: before 13 July 2026. No effective or listing date is stated.

GFEX sets platinum, palladium futures price limit 14%, margin 16% from 3 Jul 2026 settlement

关于调整铂、钯期货合约涨跌停板幅度和交易保证金标准的通知

GFEX announced that, from settlement on 3 July 2026, the daily price limit for platinum and palladium futures contracts is adjusted to 14% and the trading margin to 16%. If these levels differ from the price limit and margin currently in force, the wider limit and the higher margin apply.

TimingFrom settlement on 3 July 2026.