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关于2022年国庆节期间调整部分期货合约交易保证金标准和涨跌停板幅度的通知
郑商函〔2022〕542号
各会员单位：
根据《郑州商品交易所期货交易风险控制管理办法》第九条规定，经研究决定，对2022年国庆节期间部分期货合约交易保证金标准和涨跌停板幅度作出如下调整：
一、自2022年9月29日结算时起，白糖、棉花、棉纱、PTA、短纤、花生、菜油、菜粕期货合约的交易保证金标准调整至10%，涨跌停板幅度调整至9%，其中菜粕期货2211合约的交易保证金标准仍为15%；甲醇、尿素、玻璃、纯碱、苹果期货合约的交易保证金标准调整至12%，涨跌停板幅度调整至10%。
二、2022年10月10日恢复交易后，自品种持仓量最大的合约未出现涨跌停板单边市的第一个交易日结算时起，上述品种期货合约的交易保证金标准和涨跌停板幅度恢复至调整前水平。
按规则规定执行的交易保证金标准和涨跌停板幅度高于上述标准的，仍按原规定执行。
请各会员单位加强资金和持仓风险管理，提醒投资者强化风险意识，加强风险防范。
特此通知。
附件：2022年国庆节期间交易保证金标准和涨跌停板幅度调整情况
郑州商品交易所
2022年9月26日
附 件
2022年国庆节期间交易保证金标准和涨跌停板幅度调整情况
| 品种 |
调整前 （交易保证金标准/涨跌停板幅度） |
国庆节期间 （交易保证金标准/涨跌停板幅度） |
国庆节后 （交易保证金标准/涨跌停板幅度） |
| 棉花 |
7%/6%（棉花2211及2301合约为9%/8%） |
10%/9% |
恢复至调整前水平 |
| 白糖 |
7%/6% |
10%/9% |
|
| PTA |
7%/6% |
10%/9% |
|
| 菜油 |
9%/8% |
10%/9% |
|
| 甲醇 |
8%/7% |
12%/10% |
|
| 玻璃 |
9%/8% |
12%/10% |
|
| 菜粕 |
9%/8%（菜粕2211合约交易保证金标准为15%） |
10%/9%（菜粕2211合约交易保证金标准为15%） |
|
| 棉纱 |
7%/6%（棉纱2210合约为10%/9%，2211、2212及2301合约为9%/8%） |
10%/9% |
|
| 苹果 |
10%/9% |
12%/10% |
|
| 尿素 |
8%/7% |
12%/10% |
|
| 纯碱 |
9%/8% |
12%/10% |
|
| 短纤 |
8%/7% |
10%/9% |
|
| 花生 |
8%/7% |
10%/9% |
Notice on Adjustments to Margins and Price Limits of ZCE Products during 2022 National Day Holidays
To Members:
According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:
From the settlement on September 29, 2022, margins and price limits of Cotton, Sugar, Purified Terephthalic Acid, Rapeseed Oil, Rapeseed Meal, Cotton Yarn, Polyester Staple Fiber and Peanut Kernel futures will be adjusted to 10% and ±9% respectively. In which, margins of RM2211 will still be 15%. Margins and price limits of Methanol, Flat Glass, Fresh Apple, Urea and Soda Ash futures will be adjusted to 12% and ±10% respectively.
Trading will be resumed on October 10, 2022. 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, margins and price limits of above 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.
Zhengzhou Commodity Exchange
September 26, 2022
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.
Attachment
Adjustments of Margins and Price Limits of ZCE Products During 2022 National Day Holidays
| Futures |
Present (margin/price limit) |
During the holidays (margin/price limit) |
After the holidays (margin/price limit) |
| Cotton |
7%/6% (Cotton 2211 and 2301 Contract are 9%/8%) |
10%/9% |
restored to standards before the adjustments |
| Sugar |
7%/6% |
10%/9% |
|
| Purified Terephthalic Acid |
7%/6% |
10%/9% |
|
| Rapeseed Oil |
9%/8% |
10%/9% |
|
| Methanol |
8%/7% |
12%/10% |
|
| Flat Glass |
9%/8% |
12%/10% |
|
| Rapeseed Meal |
9%/8% (Margins of Rapeseed Meal 2211 Contract are 15%) |
10%/9% (Margins of Rapeseed Meal 2211 Contract will still be 15%) |
|
| Cotton Yarn |
7%/6%(Cotton Yarn 2210 Contract are 10%/9%，2211、2212 and 2301 Contract are 9%/8%) |
10%/9% |
|
| Fresh Apple |
10%/9% |
12%/10% |
|
| Urea |
8%/7% |
12%/10% |
|
| Soda Ash |
9%/8% |
12%/10% |
|
| Polyester Staple Fiber |
8%/7% |
10%/9% |
|
| Peanut Kernel |
8%/7% |
10%/9% |
