PTA futures close higher

0 Comment(s)Print E-mail Xinhua, January 03, 2020
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ZHENGZHOU, Jan. 3 (Xinhua) -- PTA (purified terephthalic acid) futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active PTA contract for May delivery gained 48 yuan (about 6.89 U.S. dollars) to close at 5,012 yuan per tonne.

On Friday, the total trading volume for eight listed PTA futures contracts on the ZCE was 728,488 lots with a turnover of 18.18 billion yuan.

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. Enditem

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