Zhengzhou Commodity Exchange (ZCE) recently issued Notice on Asking for Opinions About Soda Ash Futures Contracts and Related Rules.

   According to the notice, trading code of soda ash futures is SA, trading unit is 20 tons per lot, and the minimum dynamic pricing is RMB1 per ton. Daily price fluctuation is ±4% of settlement price a day earlier. Minimum trading deposit is 5% of contract value. The 10th trading day of the contract delivery month is the last trading day, and the 12th is the last delivery day.

   Involved products are high-quality class II soda ash dense, meeting standards in Specification and Determination Methods of Sodium Carbonate for Industrial Use - Part 1: Sodium Carbonate for Industrial Use (GB/T 210.1-2004). The ZCE intends to choose Hebei as the benchmark delivery area, and Hubei as a non-benchmark delivery area.