Notice On Adjustments To Margins And Price Limits Of Zhengzhou Commodity Exchange Products during 2023 Dragon Boat Festival

According to Article 8 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 June 20, 2023, margins and price limits of Cotton, Purified Terephthalic Acid futures will be adjusted to 9% and ±8% respectively.

Trading will be resumed on June 26, 2023. 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 Cotton 2309 and 2311 contracts will still be 9% and ±8%. 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.