Shanghai International Energy Exchange has released its Circular on adjust trading margin rates and price limits of futures contracts as follows:
All related parties,
In accordance with Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:
As from the first trading day without the Limit-locked market from July 16, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins:
The trading margin rate of TSR 20 Futures Contracts will be 8% of the contract value and the price limit will be ±6% from the settlement price of that day.
The trading margin rate of Crude Oil Futures Contracts will be 12% of the contract value and the price limit will be ±10% from the settlement price of that day.
The trading margin rate of Low Sulfur Fuel Oil Futures Contracts will be 12% of the contract value and the price limit will be ±10% from the settlement price of that day.
In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.
Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.
In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.
Appendix: The adjustment of trading margin rates and price limits of futures contracts

Shanghai Futures Exchange
July 14, 2020