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 March 31, 2022, margins of Common Wheat, Strong Gluten Wheat, Early Long-Grain Nonglutinous Paddy, Medium to Short-Grain Nonglutinous Paddy and Late Long-Grain Nonglutinous Paddy futures will be 15%; margins and price limits of Purified Terephthalic Acid, Rapeseed Oil, Rapeseed Meal, Methanol, Fresh Apple, Urea and Polyester Staple Fiber futures will be 10% and ±9%, respectively. In which, margins of UR2205 and AP2205 will still be 18%, margins of RM2205 will still be 15%, margins of RM2207, RM2208, RM2209 and RM2211 will still be 12%.
Trading will be resumed on April 6, 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 of Common Wheat, Strong Gluten Wheat, Early Long-Grain Nonglutinous Paddy, Medium to Short-Grain Nonglutinous Paddy and Late Long-Grain Nonglutinous Paddy will be 15%; margins and price limits of AP2210, OI2209 and UR2209 will be 10% and ±9%, respectively; margins and price limits of TA2209 will be 8% and ±7%, respectively; margins and price limits of other futures 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.
