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According to Article 28 and Article 30 of the Risk Control Rules of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) has decided upon discussion that from the night trading session of November 24, 2023, to implement trading limits on PTA, Methanol, Flat Glass, Rapeseed Meal, Rapeseed Oil, White Sugar, Cotton and Soda Ash Futures. The Details are as follows:
Wihin a single trading day, the trading volume of opening positions of any Non-Futures Company Member or client shall not exceed 30000 lots on each PTA Futures Contract; the trading volume of opening positions shall not exceed 25000 lots on each Methanol and Flat Glass Futures Contract; the trading volume of opening positions shall not exceed 15000 lots on each Rapeseed Meal Futures Contract; the trading volume of opening positions shall not exceed 10000 lots on each Rapeseed Oil, White Sugar and Cotton Futures Contract; the trading volume of opening positions shall not exceed 100 lots on SA2312 Contract, the trading volume of opening positions shall not exceed 1000 lots on SA2401 Contract,while it shall not exceed 10000 lots on each Soda Ash Futures Contract other than SA2312 and SA2401. The trading volume of opening positions includes the volume of opening long and short positions of any Non-Futures Company Member or client. Accounts involving actual control relationship shall be managed as one single account. Hedging and market-making trading volume of opening positions shall be exempted.
For any Non-Futures Company Member or client that exceeds the trading limit for the first time, ZCE will suspend it from opening new positions for at least 5 trading days; for the second time, ZCE will suspend it from opening new positions for at least one month. For severe violations, ZCE will deal with it according to the Rules of Zhengzhou Commodity Exchange on Violations.
ZCE will dynamically adjust the trading limits in accordance with market conditions.
The amendment is now hereby published.
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