Exchange notices, August 2026

SHFE republication: INE lists low-sulphur fuel oil (LU) options from 10 Sep 2026

上海国际能源交易中心发布关于低硫燃料油期权上市交易有关事项的通知

SHFE republished the following INE announcement. INE will list low-sulphur fuel oil options from 9:00 on 10 September 2026, with a call auction from 8:55 to 9:00, and will first list options on LU2701 and LU2702. The options are American-style. The maximum order size is 100 lots for limit orders and 30 lots for market orders. The trading fee is 0.2 yuan/lot, and closing today's positions is temporarily fee-exempt. Hedging fees are halved until 31 December 2026, except for high-frequency traders identified by INE.

TimingListing from 9:00 on 10 September 2026; call auction 8:55-9:00 that day. The hedging fee discount runs from listing until 31 December 2026.

SHFE lists hot-rolled coil (HC) and stainless steel (SS) options from 10 Sep 2026

关于热轧卷板期权、不锈钢期权上市交易有关事项的通知

SHFE announced that hot-rolled coil and stainless steel options begin trading at 9:00 on 10 September 2026, after a call auction from 8:55 to 9:00. On the first day, options on HC2612, HC2701, SS2612 and SS2701 are listed. Trading fees are 2 yuan/lot for hot-rolled coil options and 1 yuan/lot for stainless steel options, and closing same-day positions is temporarily fee-free. Hedging trading fees are halved until 31 December 2026, except for exchange-identified high-frequency traders.

TimingListing from 9:00 on 10 September 2026 (call auction 8:55-9:00). Hedging fee halving runs from listing until 31 December 2026.

CZCE amends cotton, rapeseed oil and rapeseed meal option contracts from 2701 option listing, 1 Sep 2026

关于发布棉花、菜籽油、菜籽粕期权合约修订案的公告

CZCE published amendments to its cotton, rapeseed oil and rapeseed meal option contracts, approved at the 5th meeting of its 9th Board and reported to the CSRC. The amendments take effect when the option series on the cotton, rapeseed oil and rapeseed meal 2701 futures contracts are listed. That is trading on 1 September 2026, starting with the 31 August night session. The amended terms are set out in two attachments, a comparison table and a clean version, and the notice text does not describe them.

TimingFrom the listing of the option series on the 2701 futures contracts. That is trading on 1 September 2026, starting with the 31 August 2026 night session.

INE revises Market Maker Business Guide, effective 11 September 2026

关于发布《上海国际能源交易中心做市商业务指南》（修订案）的公告

INE Notice [2026] No. 100, dated 28 August 2026, publishes a revised version of the Shanghai International Energy Exchange Market Maker Business Guide, effective from 11 September 2026. The exchange says the revision is intended to further optimise market-maker business management. An English text is available on the official English website for reference only, and the Chinese text prevails if the two differ.

TimingEffective from 11 September 2026.

SHFE republication: INE issues revised market-maker business guide, effective 11 September 2026

上海国际能源交易中心发布关于《上海国际能源交易中心做市商业务指南》（修订案）的公告

SHFE republished the following INE announcement. INE (Announcement 〔2026〕100号) has revised and issued its Market Maker Business Guide to further optimise market-maker business management, effective from 11 September 2026. The amendment comparison table and the revised guide are provided as attachments. An English text is on INE's official English website for reference only, and the Chinese text prevails in case of inconsistency.

TimingEffective from 11 September 2026.

SHFE publishes revised Market Maker Business Guide, effective 11 September 2026

关于发布《上海期货交易所做市商业务指南》（修订案）的公告

SHFE announced that it has revised and published its Market Maker Business Guide (Notice 〔2026〕192号), effective 11 September 2026. The exchange said the revision aims to further optimise market-maker business management. The amended guide and a comparison table of revisions are attached to the notice. An English text is on SHFE's official English website for reference only, and the Chinese text prevails in case of any inconsistency.

TimingEffective from 11 September 2026.

SHFE publishes amended Market Maker Management Measures, effective 11 September 2026

关于发布《上海期货交易所做市商管理办法》（修订案）的公告

SHFE announced the publication of the amended SHFE Market Maker Management Measures (上海期货交易所做市商管理办法), effective from 11 September 2026. The amendment was approved by the SHFE board and reported to the CSRC. An English text is available on SHFE's official English website for reference only, and the Chinese text prevails in case of inconsistency.

TimingEffective from 11 September 2026.

SHFE republication: INE amends market maker management rules, effective 11 September 2026

上海国际能源交易中心发布关于《上海国际能源交易中心做市商管理细则》（修订案）的公告

SHFE republished the following INE announcement. INE announcement 〔2026〕99 publishes amendments to the Shanghai International Energy Exchange Market Maker Management Rules, which the INE board approved and which have been reported to the CSRC. The amended rules take effect from 11 September 2026. An English text is on INE's official English website for reference only, and the Chinese text prevails if the two differ.

TimingEffective from 11 September 2026.

DCE cuts log price limit to 5%, margin to 6%; fiberboard, plywood margins to 8% from 27 Aug 2026

关于调整原木等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 closing settlement on 27 August 2026 (Thursday), the log futures daily price limit changes from 6% to 5% and its trading margin from 8% to 6%. The fiberboard futures trading margin changes from 10% to 8%, and the plywood futures trading margin changes from 15% to 8%. Where a contract also meets other DCE Risk Management Measures provisions for adjusting price limits and margins, the larger of the specified values applies.

TimingFrom closing settlement on 27 August 2026 (Thursday).

DCE export-pricing pilot for PP, PE, PVC futures: enterprise filing by 31 Dec 2026

关于开展部分化工品期货服务出口定价试点项目的通知

DCE launched a pilot for exporters to use polypropylene, LLDPE and PVC futures prices, or their monthly-average futures, as a pricing or margin-call benchmark in export contracts. Futures company headquarters apply; enterprise filing closes 31 December 2026 and close-out applications 30 November 2027. Pricing projects need at least 20% futures weight and at least 500 tonnes per product. Support is capped at 200,000 yuan per product and 300,000 yuan per enterprise.

TimingEnterprise filing (project approval) deadline: 31 December 2026. Close-out application deadline: 30 November 2027. Orders must be reported within 10 working days of signing.

SHFE issues revised stainless steel futures business rules, effective 24 September 2026

关于发布《上海期货交易所不锈钢期货业务细则（修订版）》的公告

SHFE published revised Stainless Steel Futures Business Rules, approved by its board and reported to the CSRC, taking effect from 24 September 2026. The notice does not describe the specific amendments; a comparison table and the revised rules are attached. An English version is on the official English website for reference only, and the Chinese text prevails in case of inconsistency.

TimingEffective from 24 September 2026.

CFFEX lists IF/IC/IM/IH2610 index futures and IO/MO/HO2611 index options on 24 Aug 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 IF2610, IC2610, IM2610 and IH2610 will be listed for trading on 24 August 2026. Their listing benchmark prices are 4577.6 points (IF2610), 7765.8 points (IC2610), 7529.6 points (IM2610) and 2862.0 points (IH2610). The stock index option month contracts IO2611, MO2611 and HO2611 will also be listed on 24 August 2026.

TimingListing date for all named contracts: 24 August 2026.

SHFE hedging quota auto-conversion: silver resumed, copper set to 0 lots from last trading day of Aug 2026

关于调整白银、铜品种套保持仓额度自动转化标准的通知

SHFE announced changes to automatic conversion of hedging position quotas for silver and copper, effective from the last trading day of August 2026. For silver, automatic conversion into near-month hedging quotas resumes, at the lower of the general-month hedging quota and the product's position limit. For copper, the automatically converted near-month buy and sell hedging quotas are temporarily set to 0 lots. Both apply to non-FCM members, overseas special non-brokerage participants or clients without a near-month hedging quota.

TimingFrom the last trading day of August 2026, as stated in the notice.

SHFE republication: INE notice on wider QFII/RQFII access to commodity futures and options (上能发〔2026〕91号)

上海国际能源交易中心发布关于做好进一步扩大合格境外投资者参与商品期货、期权交易范围有关事项的通知

SHFE republished the following INE announcement. On 20 August 2026, INE issued notice 上能发〔2026〕91号 on arrangements for qualified foreign investors (QFII and RQFII) to further participate in INE commodity futures and options trading. Banks that may provide futures margin depository services for these investors are listed in an attachment. Futures company members must open accounts under the cited rules, manage trading permissions per INE Announcement 〔2026〕94号, and apply investor suitability rules for products subject to suitability requirements.

SHFE QFII/RQFII commodity futures and options access: account opening, suitability, custodian bank list

关于做好进一步扩大合格境外投资者参与商品期货、期权交易范围有关事项的通知

SHFE notice 上期发〔2026〕297号, dated 20 August 2026, sets out implementation arrangements for QFII and RQFII participation in SHFE commodity futures and options. Banks eligible to provide futures margin depository services for these investors are listed in an attachment. Futures company members must open their accounts under the specified account-opening rules, manage their trading permissions under SHFE Announcement 〔2026〕184号, and apply SHFE investor suitability rules for products subject to the suitability system.

GFEX sets PS2708 and LC2708 fees, 5-lot minimum opening orders, daily opening caps of 200/400 lots

关于多晶硅期货PS2708合约、碳酸锂期货LC2708合约有关事项的公告

GFEX announced trading fees, minimum order sizes and daily opening-volume limits for polysilicon PS2708 and lithium carbonate LC2708. PS2708 fees are 0.01% of turnover and 0.025% for intraday close-today trades. LC2708 fees are 0.016% and 0.032%. For both contracts, each opening order must be at least 5 lots and each closing order at least 1 lot. Non-futures-company members or clients may open no more than 200 lots per day in PS2708 and 400 lots per day in LC2708. This counts buy and sell openings combined, excludes hedging and market-making, and treats actually controlled accounts as one account.

CZCE consults on draft amendments to cotton, rapeseed oil and rapeseed meal option contracts; comments by 16 Aug 2026

关于就修订棉花、菜籽油、菜籽粕期权合约征求意见的公告

CZCE published draft amendments to its cotton, rapeseed oil and rapeseed meal option contracts for public comment. Comments should be sent to the exchange by email by 16 August 2026, inclusive. The drafts are proposals only, and the 16 August deadline is a comment deadline, not an effective date. The specific amendments are set out in attachments, including an explanatory note and comparison tables.

TimingComment deadline: 16 August 2026, inclusive. No effective date is stated.

CFFEX launches 12th CFFEX Cup university finance contest: registration until 31 Oct 2026

第十二届“中金所杯”全国大学生金融知识大赛正式启动

CFFEX announced the 12th CFFEX Cup National University Student Financial Knowledge Competition, co-hosted with the Securities Association of China, China Futures Association and Asset Management Association of China. Registration runs until 31 October 2026. The online preliminary round, with a quiz track and a simulated trading track in CFFEX futures and options, runs 10 September to 20 November 2026, and the offline final is on 6 December 2026. This is an investor-education event, not a trading rule change.

TimingRegistration until 31 October 2026; preliminary round 10 September to 20 November 2026; final round 6 December 2026.

DCE amends coke futures business rules, effective first trading day of August 2027

关于修改《大连商品交易所焦炭期货业务细则》的公告

DCE announced amendments to the Dalian Commodity Exchange Coke Futures Business Rules. The amendments were approved at the 4th meeting of the exchange's 5th Board of Directors. They take effect from the first trading day of August 2027. The notice does not describe what was changed.

TimingFrom the first trading day of August 2027.

SHFE July 2026 self-regulation report: 33 abnormal trading cases, 11 account groups restricted

关于2026年7月自律监管信息的公告

SHFE notice 〔2026〕175号 of 7 August 2026 reports its self-regulatory activity for July 2026. SHFE handled 33 abnormal trading cases: 16 of excessive self-trading, 6 of excessive frequent order submission and cancellation, and 11 of excessive intraday opening volume. Clients reaching the thresholds were warned through member firms. SHFE also restricted opening positions for 11 actual-control account groups, announced these market-wide, and made actual-control determinations for 648 groups covering 1415 clients.

CZCE thermal coal futures 2708: 50% margin, 10% price limit, 20-lot daily opening cap

关于动力煤期货2708合约有关事项的公告

CZCE announced trading terms for thermal coal futures contract 2708: a 50% trading margin and a 10% daily price limit, unless rule-based levels are higher. Non-futures-company members and clients may open at most 20 lots per day in this contract, counting buy and sell opens together. Actual-control account groups count as 1 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 at least 1 month.

CZCE consults on draft amendments to caustic soda and propylene futures rules; comments by 11 Aug 2026

关于就修订《郑州商品交易所烧碱期货业务细则》《郑州商品交易所丙烯期货业务细则》征求意见的公告

CZCE published draft amendments to its caustic soda (烧碱) futures business rules and its propylene (丙烯) futures business rules for public consultation. Market participants are invited to send comments by email by 11 August 2026, inclusive. This is a proposal only; the comment deadline is not an effective date, and the notice body does not describe the content of the proposed changes, which are set out in the attachments.

TimingComment deadline: 11 August 2026, inclusive. No effective date is stated.

DCE lists coke (J) options from 2 Sep 2026: J2611-J2708 series, 5,000-lot position limit

关于焦炭期权上市交易有关事项的通知

DCE announced that coke options, registered with CSRC approval, list for trading from Wednesday 2 September 2026, with an 8:55-9:00 call auction, a 9:00 open and night trading that evening. The first contracts are options on the J2611 through J2708 futures. The position limit is 5,000 lots, set separately from coke futures, and the maximum order size is 500 lots. Trading and exercise fees are 0.5 yuan/lot and hedging trades 0.25 yuan/lot. A daily declaration fee also applies, but market-making trades are exempt.

TimingListing from 2 September 2026 (Wednesday), with an 8:55-9:00 call auction, a 9:00 open and night trading that evening. Combination-strategy margin offsets for the 2611 and 2701 months apply from settlement on 2 September 2026.

INE launches arbitrage orders for crude oil futures from 24 Aug 2026 (21 Aug night session)

关于上线套利指令的通知

INE announced it will launch arbitrage orders from 24 August 2026, starting with the 21 August 2026 night continuous trading session. Initially, arbitrage orders apply to crude oil futures only; extension to other products and inter-commodity arbitrage combinations will be notified separately. Arbitrage orders support futures only, with a minimum order size of 1 lot and a maximum of 500 lots.

TimingFrom 24 August 2026 (i.e. from the night continuous trading session of 21 August 2026).

Also republished by SHFE: SHFE copy

SHFE issues revised bitumen registered-commodity rules (Aug 2026 edition), effective 3 Aug 2026

关于发布《上海期货交易所石油沥青注册商品管理规定》（2026年8月修订版）的公告

SHFE published the August 2026 revised edition of its management rules for registered bitumen (petroleum asphalt) commodities used in futures delivery. The rules took effect on the date of publication, 3 August 2026, and the October 2016 revised edition was repealed at the same time. The main revisions are set out in the attachments.

TimingEffective from the date of publication (notice dated 3 August 2026); the October 2016 edition is repealed at the same time.

SHFE launches arbitrage orders for copper, gold, rebar, natural rubber futures from 24 Aug 2026

关于上线套利指令的通知

SHFE announced it will launch arbitrage orders from the 24 August 2026 trading day, beginning with the 21 August 2026 night continuous trading session. Initially, arbitrage orders apply to copper, gold, rebar and natural rubber futures. They support futures only, with a minimum order size of 1 lot and a maximum of 500 lots. SHFE will separately announce any extension to other products and any cross-product arbitrage combinations.

TimingFrom 24 August 2026, starting with the 21 August 2026 night continuous trading session.