The benchmark price is the basis for determining the trading limit of the first day of the new listed contract. The benchmark price of the new listing contract shall be determined by the exchange and announced in advance.
The daily limit of the newly listed contract is 2 times of the normal daily limit (the ratio of trading margin is maintained as stipulated in the contract), and if there is any transaction, it will be restored to the daily limit stipulated in the contract on the next trading day; If there is no transaction on the same day, the daily limit and margin of the previous trading day will continue to be implemented on the next trading day. If there is no transaction within three trading days, the exchange may make appropriate adjustments to the listing benchmark price.
The exchange may announce a new benchmark price for contracts that have been reached but currently have no positions.