PTA futures close higher

0 Comment(s)Print E-mail Xinhua, February 7, 2020
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ZHENGZHOU, Feb. 7 (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 2020 delivery gained 20 yuan (about 2.87 U.S. dollars) to close at 4,438 yuan per tonne.

On Friday, the total trading volume for 9 listed PTA futures contracts on the ZCE was 362,106 lots with a turnover of 8.05 billion yuan.

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. Enditem

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