Questions this notice answers
What margin and price limits did SHFE announce for FU2612 and FU2701 on 30 October 2026?
SHFE announced 20% general-position margin, 19% hedging margin and a 18% price limit for FU2612 and FU2701. The notice specified these levels from settlement at the close on 3 November 2026. Article 13 risk-control adjustments remain applicable to the announced margins and price limits.
What margin and price limits did SHFE announce for BU2611, BU2612 and BU2701 on 30 October 2026?
SHFE announced 16% general-position margin, 15% hedging margin and a 14% price limit for BU2611, BU2612 and BU2701. The notice specified these levels from settlement at the close on 3 November 2026. Article 13 risk-control adjustments remain applicable to the announced margins and price limits.
Key facts and source passages
- FU2612, FU2701 · Daily price limit
- 18%
- FU2612, FU2701 · Hedging margin
- 19%
- FU2612, FU2701 · General-position margin
- 20%
- BU2611, BU2612, BU2701 · Daily price limit
- 14%
- BU2611, BU2612, BU2701 · Hedging margin
- 15%
- BU2611, BU2612, BU2701 · General-position margin
- 16%
Timing: From settlement at the close on 3 November 2026.
燃料油期货FU2612、FU2701合约的涨跌停板幅度为18%，套保持仓交易保证金比例为19%，一般持仓交易保证金比例为20% Chinese source passage石油沥青期货BU2611、BU2612、BU2701合约的涨跌停板幅度为14%，套保持仓交易保证金比例为15%，一般持仓交易保证金比例为16% Chinese source passage自2026年11月3日（星期二）收盘结算时起 Chinese source passage如遇《上海期货交易所风险控制管理办法》第十三条规定情况，则在上述涨跌停板幅度、交易保证金比例基础上调整。 Chinese source passageSummary
SHFE announced new daily price limits and trading margins for certain fuel oil and bitumen futures contracts, effective from closing settlement on 3 November 2026. For fuel oil FU2612 and FU2701, the price limit is 18%, hedging margin 19% and general margin 20%. For bitumen BU2611, BU2612 and BU2701, the price limit is 14%, hedging margin 15% and general margin 16%. If circumstances under Article 13 of the SHFE Risk Control Management Measures arise, further adjustments will be made from these levels.
- Timing
- From closing settlement on 3 November 2026 (Tuesday).
- Applies to
- Fuel oil futures contracts FU2612 and FU2701, and bitumen futures contracts BU2611, BU2612 and BU2701 on SHFE.
- Not covered
- The notice does not state previous levels, so no direction of change is implied. Levels may be further adjusted under Article 13 of the SHFE Risk Control Management Measures. Other contracts are not covered.
The official Chinese text prevails.
Source excerpts
自2026年11月3日（星期二）收盘结算时起 ¶3燃料油期货FU2612、FU2701合约的涨跌停板幅度为18% ¶4石油沥青期货BU2611、BU2612、BU2701合约的涨跌停板幅度为14% ¶5官方中文原文 Official Chinese text
上期发〔2026〕375号
各有关单位：
经研究决定，自2026年11月3日（星期二）收盘结算时起，涨跌停板幅度和交易保证金比例调整如下：
燃料油期货FU2612、FU2701合约的涨跌停板幅度为18%，套保持仓交易保证金比例为19%，一般持仓交易保证金比例为20%。
石油沥青期货BU2611、BU2612、BU2701合约的涨跌停板幅度为14%，套保持仓交易保证金比例为15%，一般持仓交易保证金比例为16%。
如遇《上海期货交易所风险控制管理办法》第十三条规定情况，则在上述涨跌停板幅度、交易保证金比例基础上调整。
关于涨跌停板和交易保证金的其他事项按《上海期货交易所风险控制管理办法》及相关业务规则执行。
特此通知。
上海期货交易所 2026年10月30日