ZCE to slap transaction limits on key ferroalloy futures

The Zhengzhou Commodity Exchange (ZCE), headquartered in Central China’s Henan province, will impose transaction limits on its most-traded ferrosilicon (FeSi) and silicomanganese (SiMn) futures contracts from September 30, the exchange announced in an official release on September 28.

Starting from Thursday, the daily limit of new open interest for the most-traded FeSi contract (currently January 2022 delivery) for non-futures company members or clients will be lowered to 500 lots/day, and that for the most-traded SiMn contract (also January 2022 delivery) should be within 1,000 lots/day, ZCE's release showed. "The decision indicates the exchange's