elevatoraction| Guangzhou Futures Exchange adjusted the standards for industrial silicon and lithium carbonate futures contracts: starting from April 29, the price limit will be 7% and 11% respectively

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[Guangzhou Futures Exchange adjusts industrial silicon and lithium carbonate futures contractselevatoractionTrading Rules] The Guangzhou Futures Exchange issued a notice that starting from April 29, 2024, the price limit of industrial silicon futures contracts will be adjusted to 7%, while the margin standard for speculative trading will be adjusted to 9%, and the margin standard for hedging trading will be adjusted to 8%. Lithium carbonate futures contracts are also included in the adjustment range. Their price limit is adjusted to 11%, the margin standard for speculative trading is 13%, and the margin standard for hedging transactions is 12%. After the adjustment, when trading resumes on May 6, 2024, if the contract with the largest holdings of futures of each variety does not have a unilateral and non-continuous quotation, the range of the price limit and the trading margin standard will be restored to the level before the adjustment. It is particularly important to note that if the newly adjusted range of price limits and trading margin standards are inconsistent with the current standards, the one with the larger range and the higher standard will prevail.