Notice On Adjustments To Margins And Price Limits Of Zhengzhou Commodity Exchange Products During 2026 Spring Festival Holidays
According to Article 8 of the Risk Control rules of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:
From the settlement on February 9, 2026, margins and price limits of Methanol, Paraxylene, Purified Terephthalic Acid, Polyester Staple Fiber and Polyethylene Terephthalate Resin For Bottles futures will be adjusted to 10% and 9% respectively.
From the settlement on February 12, 2026, margins and price limits of Flat Glass, Soda Ash, Apple and Dried Jujube futures will be adjusted to 12% and 10% respectively. Margins and price limits of Rapeseed Oil, Rapeseed Meal, Peanut Kernel, Cotton, Sodium Hydroxide, Ferrosilicon, Manganese Silicon, Urea and Propylene futures will be adjusted to 10% and 9% respectively. Margins and price limits of White Sugar and Cotton Yarn futures will be adjusted to 10% and 9% respectively.
Trading will be resumed on February 24, 2026. 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, price limit of MA2603 will be adjusted to 8%, margins and price limits of MA2604, MA2605 will be adjusted to 9% and 8% respectively. Price limit of PX2603 will be adjusted to 7%, margins and price limits of PX2604, PX2605 will be adjusted to 8% and 7% respectively. Price limit of TA2603 will be adjusted to 7%, margins and price limits of TA2604, TA2605 will be adjusted to 8% and 7% respectively. Price limit of PF2603 will be adjusted to 7%, margins and price limits of PF2604, PF2605 will be adjusted to 8% and 7% respectively. Price limit of PR2603 will be adjusted to 7%, margins and price limits of PR2604, PR2605 will be adjusted to 8% and 7% respectively. Margins and price limits of AP2603, AP2604, AP2605 will be adjusted to 12% and 10% respectively. Margins and price limits of Manganese Silicon futures will be adjusted to 12% and 10% respectively. Margins and price limits of other 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.
Disclaimer: This English version may be used for reference only. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.