Markets > Futures

PTA futures open lower

Xinhua News,ZHENGZHOU
2020-04-02 09:54

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PTA (purified terephthalic acid) futures opened lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active PTA contract for September 2020 delivery lost 52 yuan (about 7.32 U.S. dollars) to open at 3,250 yuan per tonne.

As the world's largest producer and consumer of PTA, China listed PTA futures on the ZCE in 2006 and opened them 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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