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ZCE Notice on Soliciting Public Opinions on Urea Futures Contract and Related Rules

2019-07-08
According to ZCE, in order to ensure that the urea futures contract, the rules and regulations are designed reasonably to meet the needs of the market participants, ZCE is now soliciting market opinions on the urea futures contract and the related rules (draft for comment). Among them, the part of the rule with the strikethrough is the deletion content, and the shaded part is the new content.
 
Please submit feedback to Zhengzhou Commodity Exchange by July 12th, 2019.
Contact: Lu Panpan, Lu Youran
Tel: 0371-65610325, 0371-65610979
E-mail: pplu@czce.com.cn, yrlu@czce.com.cn
 
Appendix: 1. Urea Futures Contract of Zhengzhou Commodity Exchange (Draft for Comment)
         2. Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange (Amendment for Comment)
         3. Measures for the Administration of Registered Receipts and Transit Receipts of Zhengzhou Commodity Exchange (Amendment for Comment)
         4. Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange (Amendment for Comment)
 
 
News Link: http://www.czce.com.cn/cn/gyjys/jysdt/ggytz/webinfo/2019/07/1562292752905266.htm

 
Urea Futures Contracts of Zhengzhou Commodity Exchange (Draft for Comments)
Trading Unit 20 tons/lot
Price Quotation Chinese yuan (CNY) per ton
Minimum Price Fluctuation 1 yuan/ton
Daily Price Limit ±4% of the settlement price of the previous trading day;
Relevant provisions on daily price limit under the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange
Minimum Trading Margin 5% of contract value
Contract Month January, February, March, April, May, June, July, August, September, October, November, December
Trading Hours Monday to Friday (Beijing time except public holidays)
9:00 a.m.-11:30 a.m. 1:30 p.m.-3:00 p.m. Other trading hours stipulated by Zhengzhou Commodity Exchange
Only 9:00 a.m.-11:30 a.m. (Beijing time) on last trading day
Last Trading Day The 10th trading day of the delivery month
Last Delivery Day The 12th trading day of the delivery month
Grade and Quality See the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange for details
Delivery Point Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method Physical delivery
Product Code UR
Listed Exchange Zhengzhou Commodity Exchange