Zhengzhou Commodity Exchange issues announcement regarding the matter of the Power Coal Futures Contract 2703

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On March 5th, Zhengzhou Commodity Exchange issued an announcement. After research, the relevant matters regarding the 2703 contract of thermal coal futures are now announced as follows:

  1. Trading Margin Standards and Price Limit Range

The trading margin standard is 50%, and the price limit range is 10%. If the trading margin standard and price limit range specified by the rules are higher than the above standards, the higher standards shall prevail.

  1. Trading Limits

The maximum number of open positions per day for non-futures company members or clients is 20 lots. The daily open position is the total of buy and sell open positions on a single futures contract for the same day. For account groups under actual control, the maximum daily open positions are calculated per individual client. Hedging and market-making transactions are not subject to trading limits.

For non-futures company members or clients who exceed the trading limit for the first time, Zhengzhou Commodity Exchange will take regulatory measures such as suspending opening positions for no less than 5 trading days. If the limit is exceeded twice cumulatively, a suspension of no less than one month will be imposed. In serious cases, measures will be taken in accordance with the “Regulations on Handling Violations of Zhengzhou Commodity Exchange.”

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