Zhengzhou Commodity Exchange: Adjust the margin standards and price limits for some futures contract transactions during Labor Day
Notice of the Zhengzhou Commodity Exchange on adjusting the margin standards and price limits for some futures contract transactions during Labor Day in 2023
According to Article 8 of the “Zhengzhou Commodity Exchange Futures Trading Risk Control and Management Measures”, after research and decision, the trading margin standards and price limits of some futures contracts during the Labor Day in 2023 will be adjusted as follows:
1. Starting from the settlement on April 27, 2023, the trading margin standard for rapeseed meal, rapeseed oil, glass, and soda ash futures contracts will be adjusted to 10%, and the price limit will be adjusted to 9%. Among them, the trading margin standard for the soda ash 2305 contract will still be 12%; trading margin for sugar, cotton, cotton yarn, peanuts, PTA, methanol, urea, short fiber futures contracts The standard is adjusted to 9%, and the price limit is adjusted to 8%. The trading margin standard for the PTA2305 contract is still 13%.
2. After the resumption of trading on May 4, 2023, from the settlement of the first trading day when the contract with the largest open interest does not have a single-sided market price limit, the trading margin standards and price limit ranges of the futures contracts of the above types will be restored to Level before adjustment.
If the trading margin standards and price limits implemented in accordance with the rules are higher than the above standards, the original regulations will still be implemented.
All member units are requested to strengthen capital and position risk management, remind investors to strengthen risk awareness, and strengthen risk prevention.
Notice is hereby given.
Attachment: Adjustments to trading margin standards and price limits during Labor Day 2023
Zhengzhou Commodity Exchange
April 25, 2023
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