The limited position of asphalt futures refers to the maximum speculative position that members or customers can hold in a contract according to the regulations of the exchange. According to the different periods of futures contracts, there are different limits on positions and positions.

(1) Limited open position refers to the maximum amount of speculative open position in a contract calculated unilaterally as stipulated by the exchange.

(2) The Exchange classifies the positions of hedging transactions and speculative transactions, and the positions of hedging transactions are not limited by the positions of speculative positions.