郑商所：丙烯期权自2025年7月22日（星期二）晚上21:00起上市交易

Core Points - The China Securities Regulatory Commission has approved the registration of propylene options on the Zhengzhou Commodity Exchange, with trading set to begin on July 22, 2025 [1] Group 1: Trading Details - Trading will commence at 21:00 on July 22, 2025, with a pre-trading auction from 20:55 to 21:00 [1] - The first contracts to be listed will be the propylene options series for the months 2601 and 2602 [1] - The benchmark price for the options will be calculated using a pricing model that considers historical volatility of propylene spot prices and the one-year Loan Prime Rate (LPR) [1] Group 2: Order and Position Limits - The maximum order quantity for limit orders is set at 100 lots, while market orders are limited to 2 lots [2] - The speculative position limit for non-futures company members and clients is 2000 lots per month for propylene options, while market makers can hold up to 6000 lots [3] Group 3: Fees and Inquiries - The trading fee for propylene options is set at 1.0 yuan per lot, with no fees for intra-day closing trades. The exercise fee is the same as the trading fee, and no fees will be charged for new futures positions after exercising [4] - Non-futures company members and clients can inquire about prices from market makers, with a minimum interval of 60 seconds between inquiries for the same option contract [4]