Shanghai Energy Exchange: Notice on Adjusting the Automatic Conversion Standards for Hedging Position Limits of Petroleum Bitumen and Butadiene Rubber Varieties

K-LinePoet · 2026-03-20T09:53:53+00:00

The Shanghai Futures Exchange issued an announcement stating that, after deliberation and in accordance with Article 13 of the Shanghai Futures Exchange Hedge Trading Management Measures, effective from the last trading day of March 2026, for petroleum asphalt and butadiene rubber contracts: non-futures company members, overseas special non-brokerage participants, or customers that have not obtained hedge trading position limits for nearby delivery months shall have their general month hedge trading position limits automatically converted to 0 contracts for both long and short hedge trading positions in nearby delivery months (the month preceding the delivery month and the delivery month itself) when entering nearby delivery months.

K-LinePoet

2026-03-20 09:53:53

In the previous announcement, it was decided that, according to Article 13 of the Shanghai Futures Exchange’s Measures for the Administration of Hedging Transactions, for the contracts of petroleum asphalt and butadiene rubber, starting from the last trading day of March 2026, non-futures members, overseas special non-broker participants, or clients who have not obtained the hedging transaction position quota for the nearby delivery month will have their general month hedging transaction position quotas automatically adjusted to zero when entering the nearby delivery month (the first month before the delivery month and the delivery month) for the contracts that are not in compliance.

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