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Notice on Adjustments to Margins and Price Limits during 2020 Spring Festival

To member entities:


According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits during the 2020 Spring Festival holiday as follows:


1. From the settlement on January 22, 2020, margins and price limits of each product (Rapeseed futures excluded) will be adjusted to 9% and 7% respectively.


2. Trading will be resumed on January 31, 2020. Margins and price limits of each product will be restored to the previous levels from the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product.


In case the above adjusted margins and price limits vary from the current ones, the higher ones will prevail.


All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.


Zhengzhou Commodity Exchange

January 22, 2020

Disclaimer: This English version may be used for reference only. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.


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