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 April 2, 2024, margins and price limits of Cotton, Cotton Yarn, Rapeseed Oil, Rapeseed Meal, Purified Terephthalic Acid and Sugar futures will be adjusted to 8% and 7% respectively. In which, margin and price limit of CF2405 will still be 9% and 8%.
Trading will be resumed on April 8, 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 Sodium Hydroxide and Paraxylene futures will be adjusted to 8% and 7% respectively. In which, margins and price limits of SH2405 and PX2405 will still be 12% and 10%. 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.
