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Notice on Adjustments to Margins and Price Limits of ZCE Products during 2021 National Day 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 29, 2021, margins and price limits of PTA, Methanol, Urea, Polyester Staple Fiber, Cotton, Sugar, Rapeseed Oil, Rapeseed Meal, Cotton Yarn, Apple and Peanut Kernel futures will be adjusted to 10% and ±8% respectively. Margins and price limits of Wheat PM, Wheat WH, Early Rice, Japonica Rice and Late Rice will be adjusted to 9% and ±7% respectively. Margins and price limits of Ferrosilicon and Silicon Manganese futures will be adjusted to 12% and ±10% respectively. Margins and price limits of Chinese Jujube futures will be adjusted to 12% and ±9% respectively.

 

Trading will be resumed on October 8, 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 Ferrosilicon and Silicon Manganese futures will maintain 12% and ±10% respectively; margins and price limits of MA2111, MA2112 and MA2201 will be 10% and ±8% respectively; the margin and price limit of UR2201 will be 10% and ±8% respectively; margins and price limits of other 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.

 

Zhengzhou Commodity Exchange

September 27, 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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