Notice on Trading Time and Listing Benchmark Price of Urea Futures
China Securities Regulatory Commission has approved Zhengzhou Commodity Exchange (hereinafter referred to as ZCE) to list Urea futures contracts. ZCE hereby notifies the concerning issues as follows:
I Listing Time
Urea futures contracts start trading on August 9th, 2019. The auction session is from 8:55 a.m. to 9:00 a.m. The trading time is from 9:00 a.m. to 11:30 a.m. in the morning and 1:30 p.m. to 3:00 p.m. in the afternoon. There is no night session trading for Urea futures currently.
II Listing Contracts and Benchmark Price
The listing Urea futures contracts are UR2001, UR2002, UR2003, UR2004, UR2005, UR2006 and UR2007. The benchmark price for the listing contracts are 1850 Yuan/ton.
III Price Limit and Trading Margin on Listing Day
According to the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, the price limit for Urea futures is ±8% of the benchmark price, and the trading margin is 5%.
News Link: http://www.czce.com.cn/cn/gyjys/jysdt/ggytz/webinfo/2019/08/1564403006827895.htm