PTA futures close higher

0 Comment(s)Print E-mail Xinhua, September 2, 2020
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ZHENGZHOU, Sept. 2 (Xinhua) -- PTA (purified terephthalic acid) futures closed higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active PTA contract for January 2021 delivery gained 60 yuan (about 8.78 U.S. dollars) to close at 3,800 yuan per tonne.

On Wednesday, the total trading volume for 11 listed PTA futures contracts on the ZCE was 1,320,663 lots, with a turnover of 24.9 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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