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 29, 2024, margins and price limits of Sugar, Cotton, Rapeseed Meal, Rapeseed Oil, Cotton Yarn, Peanut Kernel, Purified Terephthalic Acid, Methanol, Urea, Polyester Staple Fiber, Paraxylene and Sodium Hydroxide futures will be adjusted to 9% and 8% respectively. In which, margin and price limit of UR2405 will be 11% and 9%,price limit of PX2405 will be 10%,margin and price limit of SH2405 will be 12% and 10%.
Trading will be resumed on May 6, 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 risk management, and to remind clients to improve risk awareness.
