May 18, 2012

Zhengzhou Commodity Exchange to cut grain trading margins

The Zhengzhou Commodity Exchange (ZCE) of China stated that it will slash trading margins and daily limits for its listed sugar, rapeseed oil and wheat futures contracts as of settlement on Friday (May 11).

The exchange will cut trading margins for sugar, rapeseed oil, strong gluten wheat and hard white wheat contracts from 8% to 6%, and adjust their daily limits from 5% to 4%.

This is the bourse's another move to boost futures products trading after it halved commission charges for intraday opening and liquidation of sugar positions on April 5.

The ZCE is one of China's four futures exchanges and mainly trades wheat, sugar, PTA, rapeseed oil, early rice and methanol.