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Notice on Adjustments to Margins and Price Limits of ZCE Products During 2021 Spring Festival Holidays

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:

 

From the settlement on February 9, 2021, margins and price limits of PTA, Polyester Fiber and Methanol futures will be adjusted to 10% and ±9% respectively. Margins and price limits of Peanut Kernel, White Sugar, Cotton, Cotton Yarn, Rapeseed Meal, Rapeseed Oil, Apple, Thermal Coal, Ferroalloy and Silicon Manganese futures will be adjusted to 9% and ±8% respectively. Margins and price limits of Wheat PM, Wheat WH, Early Rice, Late Rice, Japonica Rice, Chinese Jujube, Soda Ash, Glass, and Urea futures will be adjusted to 8% and ±7% respectively. The margins of Thermal Coal 2103 Contract shall remain 15%.

 

Trading will be resumed on February 18, 2021. 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 these futures will be restored to standards before the adjustments.

 

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

 

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

 

Attachment:Adjustments of Margins and Price Limits of ZCE

Products During 2021 Spring Festival Holidays

 

Zhengzhou Commodity Exchange

February 3, 2021

 

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.

 Attachment.docx

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