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Notice on Adjustments to Margins and Price Limits of some products during 2020 Qingming 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 of some futures as follows:

 

1. From the settlement on April 2,2020, margins and price limits of White Sugar, Rapeseed Oil, Glass, Soda Ash and Urea futures will be adjusted to 6% and 5% respectively; margins and price limits of Rapeseed Meal futures will be adjusted to 7% and 6% respectively; margins and price limits of Cotton No.1, Cotton Yarn, PTA and Methanol futures will be adjusted to 8% and 7% respectively.

 

2.Trading will be resumed on April 7, 2020. 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, margins and price limits of each product will be as follows: margins and price limits of White Sugar, Glass, Soda Ash and Urea futures shall be 5% and 4% respectively; margins and price limits of Rapeseed Oil and Rapeseed Meal futures shall be 6% and 5% respectively; margins and price limits of Cotton No.1, Cotton Yarn, PTA and Methanol futures shall be 7% and 6% respectively.

 

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

March 31, 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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