Zhengzhou Commodity Exchange: Announcement On Adjustments To The Application And Usage Of The Hedging Quota On Some Products
According to Article 6 and Article 18 of Hedging Rules of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) has decided that the hedging quota for regular months on Sodium Hydroxide, p-Xylene and Bottle-Grade Polyethylene Terephthalate Resin can be applied for by product, and the limit for combined hedging and speculative positions on 14 products will be increased. The details of adjustments are as follows.
From June 9, 2025, Non-FB Members and clients can apply for the hedging quota for regular months on Sodium Hydroxide, p-Xylene and Bottle-Grade Polyethylene Terephthalate Resin by product or by contract. From the settlement on June 30, 2025, the hedging quota on Sodium Hydroxide, p-Xylene and Bottle-Grade Polyethylene Terephthalate Resin applied for by product will come into effect, and the previously approved hedging quota applied for by contract will be invalid. From July 1, 2025, Non-FB members and clients shall apply for the hedging quota for regular months on Sodium Hydroxide, p-Xylene and Bottle-Grade Polyethylene Terephthalate Resin only by product.
From July 1, 2025, for any Non-FB member or client that has obtained a product-based hedging quota for regular months on PTA, White Sugar, Methanol, Polyester Staple Fiber, Rapeseed Oil, Rapeseed Meal, Cotton, Ferrosilicon, Manganese Silicon, Flat Glass, Soda Ash, Sodium Hydroxide, p-Xylene and Bottle-Grade Polyethylene Terephthalate Resin, its combined hedging and speculative positions shall not exceed 2.5 times the speculative position limit. In addition, its speculative positions shall not exceed the relevant limit for speculative positions; its hedging positions shall not exceed the hedging quota it has received.