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Notice on Adjustments to Margins and Price Limits of ZCE products during 2020 International Labor Da

To members:


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 29, 2020, margins and price limits of Cotton No.1, Cotton Yarn, Apple, PTA, Methanol, Ferroalloy and Silicon Manganese futures will be adjusted to 10% and ±9% respectively. Margins and price limits of White Sugar, Chinese Jujube, Rapeseed Meal, Rapeseed Oil, Wheat WH, Wheat PM, Early Rice, Late Rice, Japonica Rice, Thermal Coal, Glass, Soda Ash and Urea futures will be adjusted to 8% and ±7% respectively.


2. Trading will be resumed on May 6, 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 Wheat PM, Early Rice, Late Rice and Japonica Rice futures shall be 6% and ±5% respectively; margins and price limits of PTA futures shall be 8% and ±7% respectively; margins and price limits of the other futures will be restored to the standards before the adjustments.


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

April 24, 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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