ZCE: Adjusting Trading Margin Standards and Price Limit Ranges for Certain Futures Contracts During the 2026 Labor Day Holiday

Published: Apr 27, 2026 19:02

Save

On April 27, the Zhengzhou Commodity Exchange (ZCE) issued a notice on the adjustment of trading margin standards and price change limits for certain futures contracts during the 2026 Labor Day holiday period.

The original text is as follows:

Notice on the Adjustment of Trading Margin Standards and Price Change Limits for Certain Futures Contracts During the 2026 Labor Day Holiday Period

To all member units:

In accordance with Article 8 of the Zhengzhou Commodity Exchange Measures for Risk Control and Management of Futures Trading, after deliberation, the following adjustments will be made to the trading margin standards and price change limits for certain futures contracts during the 2026 Labor Day holiday period:

I. Effective from the settlement on April 29, 2026, the trading margin standard for flat glass and soda ash futures contracts will be 12%, with a price change limit of 10%, except that the flat glass futures 2605 contract will have a trading margin standard of 13% and a price change limit of 11%; the trading margin standard for methanol, PTA, paraxylene, caustic soda, propylene, staple fiber, bottle-grade PET, urea, ferrosilicon, silicon-manganese, and red dates futures contracts will be 10%, with a price change limit of 9%, except that the methanol futures 2605 contract will have a trading margin standard of 16% and a price change limit of 14%, the methanol futures 2606, 2607, 2608, and 2609 contracts will have a trading margin standard of 13% and a price change limit of 11%, the PTA futures 2605 contract will have a trading margin standard of 15% and a price change limit of 13%, the PTA futures 2606, 2607, 2608, and 2609 contracts will have a trading margin standard of 13% and a price change limit of 11%, the paraxylene futures 2605 contract will have a trading margin standard of 15% and a price change limit of 13%, the paraxylene futures 2606, 2607, 2608, and 2609 contracts will have a trading margin standard of 13% and a price change limit of 11%, the caustic soda futures 2605 contract will have a trading margin standard of 15% and a price change limit of 13%, the caustic soda futures 2606 and 2607 contracts will have a trading margin standard of 12% and a price change limit of 10%, the propylene futures 2605 contract will have a trading margin standard of 15% and a price change limit of 13%, the propylene futures 2606, 2607, 2608, and 2609 contracts will have a trading margin standard of 13% and a price change limit of 11%, the staple fiber futures 2605 contract will have a trading margin standard of 14% and a price change limit of 12%, the staple fiber futures 2606, 2607, 2608, and 2609 contracts will have a trading margin standard of 13% and a price change limit of 11%, the bottle-grade PET futures 2605 contract will have a trading margin standard of 14% and a price change limit of 12%, the bottle-grade PET futures 2606, 2607, 2608, and 2609 contracts will have a trading margin standard of 13% and a price change limit of 11%; the trading margin standard for rapeseed meal, rapeseed oil, peanut, white sugar, and cotton futures contracts will be 9%, with a price change limit of 8%; the trading margin standard for cotton yarn futures contracts will be 7%, with a price change limit of 6%.

II. After the resumption of trading on May 6, 2026, from the settlement of the first trading day on which no limit-up or limit-down unilateral market occurs in the contract with the largest open interest of each product, the trading margin requirement for apple futures contracts shall be 9%, with a price limit of 8%, except that the price limit for the Apple Futures 2605 contract shall be 13%; the trading margin requirement for jujube futures contracts shall be 8%, with a price limit of 7%; the trading margin requirement for propylene futures 2607, 2608, and 2609 contracts shall be 11%, with a price limit of 9%; the trading margin requirements and price limits for futures contracts of other products shall be restored to pre-adjustment levels.

Where the trading margin requirements and price limits executed in accordance with relevant rules are higher than the above standards, the relevant rules shall prevail.

All member firms are requested to strengthen capital and position risk management, and to remind investors to enhance risk awareness and strengthen risk prevention.

This notice is hereby given.

Appendix: Adjustments to Trading Margin Requirements and Price Limits During the 2026 Labor Day Holiday

Zhengzhou Commodity Exchange

Apr 2026

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[Central Work Safety Assessment and Inspection Teams Dispatched to 8 Provinces for Open and Undercover Inspections]

Recently, the central work safety assessment and inspection teams went deep into eight provinces (autonomous regions and municipalities) — Hebei, Shanxi, Heilongjiang, Anhui, Hunan, Guangxi, Chongqing, and Xinjiang — to carry out rigorous, thorough, and meticulous open and undercover inspections for Q2 and Q3. They enforced the law with seriousness, resolve, and a hard-line approach, cracking down heavily on all types of illegal and unlawful activities and resolutely preventing and curbing serious and major accidents. The inspection teams headed straight to the sites and conducted in-depth investigations. Any major accident hazards discovered will be referred to provincial Party committees and governments for verification and rectification, accountability tracing, and strict handling. Concurrently, special inspections on regulatory enforcement issues were launched, with strict investigations into illegal and unlawful acts, fraud, and other misconduct in work safety, as well as prominent problems such as corruption and work-style violations in this field.

1 hour ago

4 hours ago

[SMM Analysis] Molten Steel & Broken Balance Sheets: India's VSP disaster & Its Implication for Indian Steel Trade Flows

At 4:15 PM on June 8, 2026, a ladle explosion at the SMS-1 steelmaking shop of Visakhapatnam Steel Plant (VSP) — operated by Rashtriya Ispat Nigam Limited (RINL) — unleashed molten metal at over 1,500°C onto the working platform below Caster-2. According to a preliminary report by India's Chief Inspector of Factories, the cause was a sudden release of gas entrapped within the liquid steel, which ruptured the ladle seal before the sliding gate was opened, triggering a catastrophic spill.

4 hours ago

5 hours ago

[National Railway's Coal Shipments Reach 870 Million mt, January-May]

According to China State Railway Group Co., Ltd., from January to May this year, national railways shipped a total of 1.67 billion mt of cargo, up 1.8% YoY; the daily average loaded wagons reached 186,300, up 2.8% YoY, with a record high of 202,400 wagons loaded on May 2. Data shows that from January to May, national railway-rail-water intermodal volume reached 7.58 million TEUs, up 11.0% YoY, and cumulative bookings for the "single-document" logistics product stood at 47,000 TEUs. To further improve commodity vehicle transport services, the railway authorities provided end-to-end logistics solutions. From January to May, national railways shipped a total of 824,000 export commodity vehicles, up 55.5% YoY, of which 422,000 were NEVs, up 110.3% YoY, establishing a "fast lane" for Chinese automakers to go global. In terms of ensuring the transport of key goods, from January to May, national railways shipped 48.806 million mt of grain, up 11.9% YoY. The railway authorities actively supported peak summer demand by increasing the transport of thermal coal for power supply. From January to May, national railways shipped 870 million mt of coal, of which 580 million mt was thermal coal, and coal inventories at direct-supply power plants nationwide remained at relatively high levels.

5 hours ago