Adjustment of aluminum oxide futures trading margin ratio and price limits on the Shanghai Futures Exchange

The Shanghai Futures Exchange has decided that starting from the closing settlement on November 7, 2025, the trading margin ratio and the daily price limit for the aluminum oxide futures contract will be adjusted as follows: the daily price limit will be adjusted to 7%, the margin ratio for hedging positions will be adjusted to 8%, and the margin ratio for general positions will be adjusted to 9%.