關(guān)于2025年清明節(jié)期間調(diào)整部分期貨合約交易保證金標(biāo)準(zhǔn)和漲跌停板幅度的通知
鄭商函〔2025〕241號(hào)
各會(huì)員單位：
根據(jù)《鄭州商品交易所期貨交易風(fēng)險(xiǎn)控制管理辦法》第八條規(guī)定，經(jīng)研究決定，對(duì)2025年清明節(jié)期間部分期貨合約交易保證金標(biāo)準(zhǔn)和漲跌停板幅度作出如下調(diào)整：
一、自2025年4月2日結(jié)算時(shí)起，菜粕期貨合約的交易保證金標(biāo)準(zhǔn)為10%，漲跌停板幅度為8%；菜油期貨合約的交易保證金標(biāo)準(zhǔn)為9%，漲跌停板幅度為8%；玻璃期貨合約的交易保證金標(biāo)準(zhǔn)為12%，漲跌停板幅度為10%。
二、2025年4月7日恢復(fù)交易后，自品種持倉量最大的合約未出現(xiàn)漲跌停板單邊市的第一個(gè)交易日結(jié)算時(shí)起，菜粕期貨2505、2507、2508、2509、2511、2601及2603合約的交易保證金標(biāo)準(zhǔn)為10%，漲跌停板幅度為8%；菜油期貨2505、2507、2509、2511、2601及2603合約的交易保證金標(biāo)準(zhǔn)為9%，漲跌停板幅度為8%；玻璃期貨2505合約的交易保證金標(biāo)準(zhǔn)為12%，漲跌停板幅度為10%；上述品種其他期貨合約的交易保證金標(biāo)準(zhǔn)和漲跌停板幅度恢復(fù)至調(diào)整前水平。
按規(guī)則規(guī)定執(zhí)行的交易保證金標(biāo)準(zhǔn)和漲跌停板幅度高于上述標(biāo)準(zhǔn)的，仍按相關(guān)規(guī)定執(zhí)行。
請(qǐng)各會(huì)員單位加強(qiáng)資金和持倉風(fēng)險(xiǎn)管理，提醒投資者強(qiáng)化風(fēng)險(xiǎn)意識(shí)，加強(qiáng)風(fēng)險(xiǎn)防范。
特此通知。
附 件：2025年清明節(jié)期間交易保證金標(biāo)準(zhǔn)和漲跌停板幅度調(diào)整情況
鄭州商品交易所
2025年3月31日
附 件
2025年清明節(jié)期間交易保證金標(biāo)準(zhǔn)和漲跌停板幅度調(diào)整情況
品種 | 調(diào)整前 （交易保證金標(biāo)準(zhǔn)/漲跌停板幅度） | 4月2日結(jié)算時(shí)起 （交易保證金標(biāo)準(zhǔn)/漲跌停板幅度） | 4月7日恢復(fù)交易后 （交易保證金標(biāo)準(zhǔn)/漲跌停板幅度） |
菜粕 | 7%/6%（2505、2507、2508、2509、2511、2601合約為9%/6%） | 10%/8% | 7%/6%（2505、2507、2508、2509、2511、2601、2603合約為10%/8%） |
菜油 | 7%/6% | 9%/8% | 7%/6%（2505、2507、2509、2511、2601、2603合約為9%/8%） |
玻璃 | 10%/9% | 12%/10% | 10%/9%（2505合約為12%/10%） |
Notice on Adjustments to Margins and Price Limits of ZCE Products during 2025 Qingming Festival Holidays
To Members:
According to Article 8 of 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 April 2, 2025, margins and price limits of Rapeseed Meal will be adjusted to 10% and ±8% respectively; Rapeseed Oil will be adjusted to 9% and ±8% respectively; Glass will be adjusted to 12% and ±10% respectively.
Trading will be resumed on April 7, 2025. 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 FG2505 will still be 12% and ±10%, margins and price limits of RM2505, RM2507, RM2508, RM2509, RM2511, RM2601, RM2603 will still be 10% and ±8%, margins and price limits of OI2505, OI2507, OI2509, OI2511, OI2601, OI2603 will still be 9% and ±8%, 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
March 31, 2025
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 2025 Qingming Festival Holidays
Futures Contracts | Present (margin/price limit) | From the settlement on April 2nd (margin/price limit) | Since April 7th (margin/price limit) |
Rapeseed Meal | 7%/6% (RM2505, RM2507, RM2508, RM2509 RM2511, RM2601 are 9%/6%) | 10%/8% | 7%/6% (RM2505, RM2507, RM2508, RM2509, RM2511, RM2601, RM2603 will still be 10%/8%) |
Rapeseed Oil | 7%/6% | 9%/8% | 7%/6% (OI2505, OI2507, OI2509, OI2511, OI2601, OI2603 will still be 9%/8%) |
Glass | 10%/9% | 12%/10% | 10%/9% (FG2505 will still be 12%/10%) |