ZCE lifts thermal coal futures margins, transaction fees

Zhengzhou Commodity Exchange (ZCE) has decided to lift the margin calls of the most-traded thermal coal contracts for May delivery to 60% from 50%, effective from the settlement on March 4, according to a new statement on the exchange's official website. This has been the second time in less than a month for ZCE to raise its thermal coal futures margins in an attempt to stabilize coal prices.

In parallel, ZCE also announced to adjust the margin calls of other thermal coal contracts for deliveries from this June to next February - from 30% to 40% and starting the settlement on March 4. Moreover, starting the night trading session of March 3, the transaction fees for thermal coal