Notice On Adjustments To Margins And Price Limits Of Zhengzhou Commodity Exchange Products During 2023 Spring Festival Holidays

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 January 19, 2023, margins and price limits of Flat Glass and Soda Ash futures will be adjusted to 12% and ±10% respectively. Margins and price limits of White Sugar, Cotton, Rapeseed Meal, Rapeseed Oil, Cotton Yarn, Peanut Kernel, Purified Terephthalic Acid, Methanol, Urea and Polyester Staple Fiber futures will be adjusted to 10% and ±9% respectively.

Trading will be resumed on January 30, 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, 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.