According to Article 8 of the Risk Control Rules of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:
From the settlement on September 27, 2024, margins and price limits of Rapeseed Meal, Rapeseed Oil and Apple futures will be adjusted to 12% and ±10% respectively. Margins and price limits of White Sugar, Cotton, Peanut Kernel, Purified Terephthalic Acid, Methanol, Ferrosilicon, Manganese Silicon, Urea, Polyester Staple Fiber, Sodium Hydroxide, Paraxylene, and Polyethylene Terephthalate Resin For Bottles futures will be adjusted to 10% and ±9% respectively.
Trading will be resumed on October 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 above 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 ones will prevail.
All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.
