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ZCE caps daily new open interests of thermal coal at 50

ABSTRACT

Zhengzhou Commodity Exchange (ZCE) announced on October 20 to cap the new open interests of its 12-month thermal coal contracts spanning November-October 2022 at 50 lots/day for non-futures company members and clients effective the night session on October 21, thus overwriting the earlier cap set on October 19 at 100 lots/day for contracts over April-October 2022.
This has been viewed part of ZCE's step-up in the efforts to help stabilize thermal coal prices by limiting speculative trading on thermal coal futures, and it is in line with Beijing's series of measures to cool down domestic thermal coal prices and to ensure power supply and heating services

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