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Notice on Adjustments to Margins and Price Limits of ZCE Products During 2021 Mid-Autumn 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 September 16, 2021, margins and price limits of Soda Ash futures will be adjusted to 12% and ±8% respectively. Margins and price limits of Ferroalloy and Silicon Manganese futures will be adjusted to 10% and ±8% respectively. Margins and price limits of PTA and Polyester Fiber futures will be adjusted to 8% and ±7% respectively.

 

Trading will be resumed on September 22, 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. However, margins and price limits of Soda Ash 2111, 2112 and 2201 Contract shall be 12% and ±8% respectively. Margins and price limits of Ferroalloy 2111, 2112 and 2201 Contract shall be 10% and ±8% respectively. Margins and price limits of Silicon Manganese 2111, 2112 and 2201 Contract shall be 10% and ±8% respectively.

 

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 Mid-Autumn Festival Holidays

 

Zhengzhou Commodity Exchange

September 14, 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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