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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 April 29, 2021, margins and price limits of Thermal Coal futures will be adjusted to 12% and ±8% respectively. Margins and price limits of PTA, Methanol, Flat Glass, Ferroalloy, Silicon Manganese, Soda Ash, Polyester Staple Fiber, Rapeseed Oil, Rapeseed Meal and Apple futures will be adjusted to 9% and ±8% respectively. Margins and price limits of Urea, Wheat PM, Early Rice, Japonica Rice and Late Rice futures will be adjusted to 7% and ±6% respectively. Price limits of Wheat WH and Chinese Jujube will be adjusted to ±6%.
Trading will be resumed on May 6, 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 the futures above will be restored to standards before the adjustments. However, margins and price limits of ZC2106, ZC2107 and ZC2108 will be adjusted to 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 International Labor Day
