PTA futures plummet to the daily limit

0 Comment(s)Print E-mail Xinhua, February 03, 2020
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ZHENGZHOU, Feb. 3 (Xinhua) -- PTA (purified terephthalic acid) futures plummeted to the daily limit in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active PTA contract for May 2020 delivery lost 338 yuan (about 48.81 U.S. dollars) to close at 4,470 yuan per tonne.

On Monday, the total trading volume for 8 listed PTA futures contracts on the ZCE was 185,790 lots with a turnover of 4.16 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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