Business rules for PX futures on Zhengzhou Commodity Exchange

According to Zhengzhou Commodity Exchange's announcement, the transaction fee for PX Futures Contracts is set at 0.0001 of the trading turnover, intra-day transaction fee for PX Futures Contracts is 0.0001 of the trading turnover.

PX futures delivery fee, registered warehouse receipt transfer fee (including the transfer fee incurred in the exchange of futures for physical process) is 0.5yuan/mt. The actual fee shall be dependent on ZCE's Notice on Exemption of Position Opening Fee for Hedging Purpose, Delivery Fee, Registered Warehouse Receipt Transfer Fee and Service Fee for Using Standard Warehouse Receipt as Margin.

ZCE designates 2 delivery warehouses for PX futures, i.e. Jiangyin Huaxi Chemical Wharf, and Jiangsu Sanfame International Storage and Transportation; and 11 delivery factories, i.e. Dongying Weilian Chemical, Zhejiang Petroleum & Chemical, Fujian Haiyu Petrochemical, Sinopec, Fujia Dahua, China-Base Ningbo, Xiaoding Energy, Jiangyin Jinqiao Chemical, WZ Group, Xiamen ITG Group, and Pinghu Zhonghao Trading.

The delivery warehouse (factory) charges storage fees at 3 yuan per ton per day. Load-in and load-out fees are 12.5 yuan/mt. Load-in and load-out fees shall be paid by the load-in party.

ZCE designates 2 quality inspection institutions, i.e. SGS-CSTC Standards Technical Services Co., Ltd., and China Certification & Inspection (Group) Co . , Ltd .

ZCE announces the list of PX option market makers. It includes Zhejiang Zheqi Industrial Co., Ltd., Ruida New Control Capital Management Co., Ltd., CITIC Securities Capital, CITIC Securities, Shenwan Hongyuan Securities, China Securities, CICC Wealth Management, China Merchants Securities, Guotai Junan Risk Management, and Galaxy Derivatives.