关于2022年劳动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〕212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年劳动节期间部分期货合约的交易保证金标准和涨跌停板幅度作出如下调整：
一、自2022年4月28日结算时起，苹果、甲醇、玻璃和纯碱期货合约的交易保证金标准调整为12%，涨跌停板幅度调整为10%，其中苹果期货2205合约的交易保证金标准仍为18%，玻璃期货2205合约的交易保证金标准仍为15%；棉花和棉纱期货合约的交易保证金标准调整为11%，涨跌停板幅度调整为9%；菜油、菜粕和尿素期货合约的交易保证金标准调整为10%，涨跌停板幅度调整为9%，其中菜粕期货2205、2207、2208、2209及2211合约的交易保证金标准仍为15%，尿素期货2205合约的交易保证金标准仍为18%；白糖、花生、PTA和短纤期货合约的交易保证金标准调整为10%，涨跌停板幅度调整为8%；动力煤期货2209合约的交易保证金标准调整为60%。
二、2022年5月5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，菜油和菜粕期货合约的交易保证金标准调整为9%，涨跌停板幅度调整为8%，其中菜油期货2209合约的交易保证金标准仍为10%，涨跌停板幅度仍为9%，菜粕期货2207、2208、2209及2211合约的交易保证金标准仍为15%；尿素期货合约的交易保证金标准调整为8%，涨跌停板幅度调整为7%，其中尿素期货2206、2207、2208及2209合约的交易保证金标准仍为10%，尿素期货2205、2206、2207、2208及2209合约的涨跌停板幅度仍为9%；动力煤期货2209合约的交易保证金标准仍为60%；其他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年劳动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4月26日
附 件
2022年劳动节期间交易保证金标准和涨跌停板幅度调整情况
品种/合约 | 调整前 （交易保证金标准/涨跌停板幅度） | 4月28日结算时起 （交易保证金标准/涨跌停板幅度） | 劳动节后 （交易保证金标准/涨跌停板幅度） |
苹果 | 8%/6%（其中2205合约为18%/9%，2210合约为10%/9%） | 12%/10%（其中2205合约交易保证金标准为18%） | 8%/6%（其中2205合约为20%/9%，2210合约为10%/9%） |
甲醇 | 8%/7%（其中2205合约为10%/9%） | 12%/10% | 8%/7%（其中2205合约为20%/9%） |
玻璃 | 9%/8%（其中2205合约为15%/10%） | 12%/10%（其中2205合约交易保证金标准为15%） | 9%/8%（其中2205合约为20%/10%） |
纯碱 | 9%/8%（其中2209合约为12%/9%） | 12%/10% | 9%/8%（其中2209合约为12%/9%） |
棉花 | 7%/6%（其中2205至2209合约为10%/9%） | 11%/9% | 7%/6%（其中2205合约为20%/9%，2207及2209合约为10%/9%） |
棉纱 | 7%/6%（其中2205至2210合约为10%/9%） | 11%/9% | 7%/6%（其中2205合约为20%/9%，2206至2210合约为10%/9%） |
菜油 | 8%/7%（其中2209合约为10%/9%） | 10%/9% | 9%/8%（其中2209合约为10%/9%） |
菜粕 | 8%/7%（其中2205至2211合约为15%/8%） | 10%/9%（其中2205至2211合约交易保证金标准为15%） | 9%/8%（其中2205合约为20%/8%，2207至2211合约为15%/8%） |
尿素 | 7%/6%（其中2205合约为18%/9%，2206至2209合约为10%/9%） | 10%/9%（其中2205合约交易保证金标准为18%） | 8%/7%（其中2205合约为20%/9%，2206至2209合约为10%/9%） |
白糖 | 7%/6% | 10%/8% | 7%/6% |
花生 | 8%/7% | 10%/8% | 8%/7% |
PTA | 7%/6%（其中2205合约为10%/7%，2209合约为8%/7%） | 10%/8% | 7%/6%（其中2205合约为20%/7%，2209合约为8%/7%） |
短纤 | 8%/7% | 10%/8% | 8%/7% |
动力煤2209合约 | 50%/10% | 60%/10% | 60%/10% |
Notice on Adjustments to Margins and Price Limits of ZCE Products during 2022 International Labor Day
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 April 28, 2022, margins and price limits of Fresh Apple, Methanol, Flat Glass and Soda Ash will be 12% and ±10% respectively. In which, margins of AP2205 will still be 18%, margins of FG2205 will still be 15%. Margins and price limits of Cotton and Cotton Yarn will be 11% and ±9% respectively. Margins and price limits of Rapeseed Oil, Rapeseed Meal and Urea will be 10% and ±9% respectively. In which, margins of RM2205, RM2207, RM2208, RM2209 and RM2211 will still be 15%, margins of UR2205 will still be 18%. Margins and price limits of White Sugar, Peanut Kernel, Purified Terephthalic Acid and Polyester Staple Fiber will be 10% and ±8% respectively. Margins of ZC2209 will be 60%.
Trading will be resumed on May 5, 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 Rapeseed Oil and Rapeseed Meal will be 9% and ±8% respectively. In which, margins and price limits of OI2209 will still be 10% and ±9% respectively, margins of RM2207, RM2208, RM2209 and RM2211 will still be 15%. Margins and price limits of Urea will be 8% and ±7% respectively. In which, margins of UR2206, UR2207, UR2208 and UR2209 will still be 10%, price limits of UR2205, UR2206, UR2207, UR2208 and UR2209 will still be ±9%. Margins of ZC2209 will still be 60%. 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.
Zhengzhou Commodity Exchange
April 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 International Labor Day
Futures/Contracts | Present (margin/price limit) | From the settlement on April 28 (margin/price limit) | After the holidays (margin/price limit) |
Fresh Apple | 8%/6% (margins and price limits of AP2205 are 18%/9%, margins and price limits of AP2210 are 10%/9%) | 12%/10% (margins of AP2205 will still be 18%) | 8%/6% (margins and price limits of AP2205 are 20%/9%, margins and price limits of AP2210 are 10%/9%) |
Methanol | 8%/7% (margins and price limits of MA2205 are 10%/9%) | 12%/10% | 8%/7% (margins and price limits of MA2205 are 20%/9%) |
Flat Glass | 9%/8% (margins and price limits of FG2205 are 15%/10%） | 12%/10% (margins of FG2205 will still be 15%) | 9%/8% (margins and price limits of FG2205 are 20%/10%） |
Soda Ash | 9%/8% (margins and price limits of SA2209 are 12%/9%) | 12%/10% | 9%/8% (margins and price limits of SA2209 are 12%/9%) |
Cotton | 7%/6% (margins and price limits of CF2205,CF2207 and CF2209 are 10%/9%) | 11%/9% | 7%/6% (margins and price limits of CF2205 are 20%/9%, margins and price limits of CF2207 and CF2209 are 10%/9%) |
Cotton Yarn | 7%/6% (margins and price limits of CY2205, CY2206, CY2207, CY2208, CY2209 and CY2210 are 10%/9%) | 11%/9% | 7%/6% (margins and price limits of CY2205 are 20%/9%, margins and price limits of CY2206, CY2207, CY2208, CY2209 and CY2210 are 10%/9%) |
Rapeseed Oil | 8%/7% (margins and price limits of OI2209 are 10%/9%） | 10%/9% | 9%/8% (margins and price limits of OI2209 are 10%/9%) |
Rapeseed Meal | 8%/7% (margins and price limits of RM2205, RM2207, RM2208, RM2209 and RM2211 are 15%/8%) | 10%/9% (margins of RM2205, RM2207, RM2208, RM2209 and RM2211 are 15%) | 9%/8% (margins and price limits of RM2205 are 20%/8%, margins and price limits of RM2207, RM2208, RM2209 and RM2211 are 15%/8%） |
Urea | 7%/6% (margins and price limits of UR2205 are 18%/9%, margins and price limits of UR2206, UR2207, UR2208 and UR2209 are 10%/9%) | 10%/9% (margins of UR2205 will still be 18%) | 8%/7% (margins and price limits of UR2205 are 20%/9%, margins and price limits of UR2206, UR2207, UR2208 and UR2209 are 10%/9%) |
White Sugar | 7%/6% | 10%/8% | 7%/6% |
Peanut Kernel | 8%/7% | 10%/8% | 8%/7% |
Purified Terephthalic Acid | 7%/6% (margins and price limits of TA2205 are 10%/7%, margins and price limits of TA2209 are 8%/7%) | 10%/8% | 7%/6% (margins and price limits of TA2205 are 20%/7%, margins and price limits of TA2209 are 8%/7%) |
Polyester Staple Fiber | 8%/7% | 10%/8% | 8%/7% |
ZC2209 | 50%/10% | 60%/10% | 60%/10% |