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 27, 2023, margins and price limits of Rapeseed Meal, Rapeseed Oil, Flat Glass, Soda Ash futures will be adjusted to 10% and ±9% respectively. In which, margins of SA2305 will still be 12%. Margins and price limits of Sugar, Cotton, Cotton Yarn, Peanut Kernel, Purified Terephthalic Acid, Methanol, Urea and Polyester Staple Fiber futures will be adjusted to 9% and ±8% respectively. In which, margins of PTA2305 will still be 13%.
Trading will be resumed on May 4, 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 ones will prevail.
All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.
Adjustments of Margins and Price Limits of ZCE Products During 2023 International Labor Day.docx
