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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 September 27, 2023, margin and price limit of Sodium Hydroxide futures will be adjusted to 12% and ±10% respectively. Margins and price limits of White Sugar, Cotton, Cotton Yarn, Rapeseed Meal, Rapeseed Oil, Peanut Kernel, Purified Terephthalic Acid, Methanol, Urea and Polyester Staple Fiber futures will be adjusted to 10% and ±9% respectively. In which, margins and price limits of CF2311 and CF2401 will still be 12% and ±10% respectively, margin of SR2311 will still be 15%.
Trading will be resumed on October 9, 2023. 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, margin and price limit of Sodium Hydroxide futures will still be 12% and ±10% respectively, margins and price limits of other 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.
