Markets > Futures

PTA futures plummet to daily limit

Xinhua News,ZHENGZHOU
2020-03-09 10:17

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PTA (purified terephthalic acid) futures opened lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE), and plummeted to the daily limit.

The most active PTA contract for May 2020 delivery lost 216 yuan (about 31.19 U.S. dollars) to open at 4,078 yuan per tonne.

As the world's largest producer and consumer of PTA, China listed PTA futures on the ZCE in 2006 and opened to international investors in November 2018.

PTA, a commodity chemical and textile raw material, is a downstream product of petroleum and one of the most important bulk organic raw materials in China.
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