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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 February 7, 2024, margins and price limits of Sugar, Cotton, Cotton Yarn, Rapeseed Meal, Rapeseed Oil, Purified Terephthalic Acid, Polyester Staple Fiber and Methanol futures will be adjusted to 10% and 9% respectively. Margins and price limits of Urea futures will be adjusted to 11% and 9% respectively.
Trading will be resumed on February 19, 2024. 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 Meal, Rapeseed Oil futures will be adjusted to 7% and 6% respectively. Margins and price limits of Ferrosilicon, Manganese Silicon futures will be adjusted to 9% and 8% 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 one will prevail.
All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.
