Notice On Adjustments To Margins And Price Limits Of Zhengzhou Commodity Exchange Products During 2022 Spring Festival Holidays

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 January 27, 2022, margins and price limits of Flat Glass, Apple and Urea futures will be adjusted to 11% and ±10% respectively. In which, margins of FG2202, FG2203, FG2204, FG2204 and FG2205 will still be 15%, margins of AP2203, AP2204 and AP2205 will still be 15%, margins of UR2203, UR2204 and UR2205 will still be 15%.Margins and price limits of Methanol, Cotton Fiber, Cotton Yarn and Soda Ash will be adjusted to 11% and ±10% respectively. Margins and price limits of Wheat WH, PTA, Sugar, Rapeseed Oil, Rapeseed Meal, Polyester Staple and Peanut Kernel futures will be adjusted to 10% and ±9% respectively.

Trading will be resumed on February 7, 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 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 one will prevail.

All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.