Zheng Shangsuo adjusted the margin standard and the limit range of trading in ferrosilicon and silicon-manganese futures contracts during the 2021 National Day.

Zheng Shangxin (2021) 736

Member units:

According to Article 9 of the measures for risk Control and Management of Futures Trading of Zhengzhou Commodity Exchange, after study and decision, the margin standards and limits for trading of some futures contracts during the National Day of 2021 shall be adjusted as follows:

1. From the time of settlement on September 29, 2021, the trading margin standard for futures contracts of PTA, methanol, urea, staple fiber, cotton, sugar, rapeseed oil, rapeseed meal, cotton yarn, apple and peanut was adjusted to 10%, and the range of price limit was adjusted to 8%. The margin standard for futures contracts of Pumai, Qiangmai, early indica rice, japonica rice and late indica rice was adjusted to 9%, and the range of trading limit was adjusted to 7%. The trading margin standard for ferrosilicon and manganese silicon futures contracts was adjusted to 12%, the limit range was adjusted to 10%, and the trading margin standard for jujube futures contracts was adjusted to 12%, and the limit range was adjusted to 9%.

Second, after the resumption of trading on October 8, 2021, the trading margin standard for ferrosilicon and manganese-silicon futures contracts is still 12% from the time when the contracts with the largest positions have not been settled on the first trading day of the unilateral market. The range of the limit is still 10%; the margin standard and the range of the limit for other varieties of futures contracts return to their pre-adjustment levels. Among them, the trading margin standard of methanol futures 2111, 2112 and 2201 contracts is 10%, the range of trading limit is 8%; the trading margin standard of urea futures 2201 contract is 10%, and the range of rising and falling limit is 8%.

If the trading margin standard and the limit of rise and fall implemented in accordance with the rules are higher than the above-mentioned standards, the original provisions shall still be followed.

All member units are requested to strengthen the risk management of funds and positions, and remind investors to strengthen risk awareness and strengthen risk prevention.

I hereby inform you.

Annex: adjustment of trading margin standard and rise and fall limit during the National Day 2021

Zhengzhou Commodity Exchange

September 27, 2021