Skip to main content

ZCE：China's securities regulator approves trading of peanut futures

The China Securities Regulatory Commission (CSRC) has given the green light to the trading of peanut futures, an important oil crop.

Trading of the peanut futures will be launched on the Zhengzhou Commodity Exchange starting Feb 1, according to a statement on the CSRC's official website.

Trading of the peanut futures will help provide relevant farmers and enterprises with open, consistent and transparent price signals and effective risk-management tools, and will boost the steady and sound operation of the sector, according to the statement.

The CSRC will ask the exchange to make all the necessary preparations to ensure the steady operation of the trading.

Peanut Kernel  futures contract

Product

Peanut Kernel

Trading Unit

5 metric tons/lot

Price Quotation

Chinese yuan (CNY) per metric ton

Minimum Price Fluctuation

CNY2/metric ton

Daily Price Limit

±4% of the settlement price of the previous trading day;

Refer to 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, March, April,October, November, and December

Trading Hours

Monday to Friday (except public holidays)

9:00 a.m.-11:30 a.m. 1:30 p.m.-3:00 p.m. (Beijing time)

Other trading hours stipulated by Zhengzhou Commodity Exchange

Last Trading Day

The 10 th trading day of the delivery month

Last Delivery Day

Delivery by means of registered factory receipts: the 13th trading day of the delivery month

Board delivery: the 10th day of the month following the delivery month

Grade and Quality

See the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchangefor details

Delivery Point

Delivery placesdesignatedby Zhengzhou Commodity Exchange

Delivery Method

Physical delivery

Product Code

PK

Listed Exchange

Zhengzhou Commodity Exchange


For China derivatives market access and more market information please contact sherry_ustc@163.com

Labels:

Comments

Post a Comment

Popular posts from this blog

ZCE: Circular on Expanding the Investment Scope of Qualified Foreign Investors in Commodity Futures and Options

  With the approval of the China Securities Regulatory Commission (CSRC), starting from   March 4 , 202 5  (i.e. from the continuous trading session on  March   3 , 202 5 ),  Zhengzhou Commodity  Exchange  ( ZCE ) will expand the investment scope of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter collectively referred to as Qualified Foreign Investors, QFI s ) to include the following commodity futures and options: 1.P araxylene , b ottle-grade PET resin , m anganese silicon , r apeseed meal , peanut kernel f utures contracts; 2. P araxylene , b ottle-grade PET resin , m anganese silicon , r apeseed meal , peanut kernel, polyester stable fiber  options contracts . For China derivatives market access and more market information please contact  sherry_ustc@163.com
Post a Comment
Read more

ZCE: Announcement on Matters Relating to Program Trading

  To clarify the report requirements and transitional arrangements for program trading at the  Zhengzhou Commodity  Exchange (“ ZCE ”), strengthen the oversight of program trading, regulate program trading activities, and maintain an orderly and fair futures market, the following  announcement  is hereby given in accordance with the  Program Trading  Rules  of    Zhengzhou   Commodity   Exchange  (“ Program Trading Rules ”). I.   Program Trading   Report (I)   Who Needs to  Submit  a Report A trader at  the ZCE   who  meets one or more of the following criteria   is required to  submit  a report: 1.   Placing and canceling 10 or more orders within 1 second on 10 or more occasions  in a single  trading day. For the purpose of this rule, accounts linked by actual control relationship are treated as a single client account; 2.   Letting a computer to a...
Post a Comment
Read more

Guangzhou Futures Exchange to Launch Polysilicon Futures, Options

 The Guangzhou Futures Exchange(GFEX), set up in 2021 with a focus on the green economy, will introduce polysilicon futures and options next week, allowing China’s solar industry to hedge against price volatility and strengthen its global competitiveness. Polysilicon futures contracts will be listed on Dec. 26 and options contracts the next day, the bourse announced on Dec. 13. These will be the third set of futures and options products launched by the GFEX, following industrial silicon and lithium carbonate, which began trading in December 2022 and July last year. Industrial silicon futures and options have been trading smoothly for nearly two years, and the launch of polysilicon products will provide more precisely tailored tools for the photovoltaic industry supply chain, helping to consolidate China’s competitive advantages in the global PV sector, an industry insider told media. The first batch of seven polysilicon futures and related options will have minimum trading volumes ...
Post a Comment
Read more