Notice On Adjustments To Margins And Price Limits Of Zhengzhou Commodity Exchange Products During 2022 National Day 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 September 29, 2022, margins and price limits of Cotton, Sugar, Purified Terephthalic Acid, Rapeseed Oil, Rapeseed Meal, Cotton Yarn, Polyester Staple Fiber and Peanut Kernel futures will be adjusted to 10% and ±9% respectively. In which, margins of RM2211 will still be 15%. Margins and price limits of Methanol, Flat Glass, Fresh Apple, Urea and Soda Ash futures will be adjusted to 12% and ±10% respectively.

Trading will be resumed on October 10, 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.