To Members:

According to Article 8 of the Risk Control rules of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures contracts as follows:

From the settlement on September 29, 2025, margins and price limits of Apple, Glass, Soda Ash futures will be adjusted to 12% and 10% respectively. Rapeseed Meal, Dried Jujube, Ferrosilicon, Manganese Silicon, Sodium Hydroxide futures contracts will be adjusted to 10% and 9% respectively. White Sugar, Cotton, Rapeseed Oil, Peanut Kernel, Purified Terephthalic Acid, Methanol, Urea, Polyester Staple Fiber, Paraxylene, Polyethylene Terephthalate Resin For Bottles, Propylene futures contracts will be adjusted to 9% and 8% respectively. Margins and price limits of Cotton Yarn futures contracts will be adjusted to 6% and 5% respectively.

Trading will be resumed on October 9, 2025. 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 White Sugar futures will be 6% and 5% respectively; margins and price limits of Peanut Kernel, Methanol, Paraxylene, Propylene futures contracts will be 7% and 6% respectively; margins and price limits of other futures contracts will be restored to 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

September 24, 2025       

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 Adjustments of Margins and Price Limits of ZCE Pro