[Shanghai Futures Exchange: Adjustments to Price Limits and Margin Ratios for Nickel and Other Futures Contracts] Effective from the closing settlement on Tuesday, January 27, 2026, the price limits and margin ratios will be adjusted as follows:
1. The price limit for listed nickel futures contracts will be adjusted to 10%, the margin ratio for hedging positions will be adjusted to 11%, and the margin ratio for general positions will be adjusted to 12%;
2. The price limit for listed alumina, lead, and zinc futures contracts will be adjusted to 8%, the margin ratio for hedging positions will be adjusted to 9%, and the margin ratio for general positions will be adjusted to 10%;
3. The price limit for listed stainless steel futures contracts will be adjusted to 6%, the margin ratio for hedging positions will be adjusted to 7%, and the margin ratio for general positions will be adjusted to 8%.
