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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 28, 2022, margins and price limits of Fresh Apple, Methanol, Flat Glass and Soda Ash will be 12% and ±10% respectively. In which, margins of AP2205 will still be 18%, margins of FG2205 will still be 15%. Margins and price limits of Cotton and Cotton Yarn will be 11% and ±9% respectively. Margins and price limits of Rapeseed Oil, Rapeseed Meal and Urea will be 10% and ±9% respectively. In which, margins of RM2205, RM2207, RM2208, RM2209 and RM2211 will still be 15%, margins of UR2205 will still be 18%. Margins and price limits of White Sugar, Peanut Kernel, Purified Terephthalic Acid and Polyester Staple Fiber will be 10% and ±8% respectively. Margins of ZC2209 will be 60%.
Trading will be resumed on May 5, 2022. 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 Rapeseed Oil and Rapeseed Meal will be 9% and ±8% respectively. In which, margins and price limits of OI2209 will still be 10% and ±9% respectively, margins of RM2207, RM2208, RM2209 and RM2211 will still be 15%. Margins and price limits of Urea will be 8% and ±7% respectively. In which, margins of UR2206, UR2207, UR2208 and UR2209 will still be 10%, price limits of UR2205, UR2206, UR2207, UR2208 and UR2209 will still be ±9%. Margins of ZC2209 will still be 60%. 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 one will prevail.
All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.
