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ZCE lifts trading margin for six thermal coal contracts

ABSTRACT

Zhengzhou Commodity Exchange (ZCE) in Central China’s Henan is raising the trading margin for its thermal coal futures products, with the margins on its October, November, December and January 2022 delivery contracts climbing to 30% from 15% previously, effective September 3, it has announced. In parallel and effective the same day, ZCE will also lift its margin requirements for February and March 2022 contracts to 20% from the previous 12%, according to ZCE’s post on August 26.
Sources attributed the adjustments to ZCE’s efforts to cool down the speculative frenzy currently surrounding its steaming coal contracts. In addition, the exchange will control the daily limit of new open interest in September and the mentioned six contracts for non-futures company members or clients to within 200 lots/day, effective from

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