PTA Futures Contracts Being Listed On Zhengzhou Commodity Exchange

Zhengzhou, the Zhengzhou Commodity Exchange announced today to list pure terephthalic acid (PTA) futures. It is the first futures exchange to list PTA futures in the world.

PTA is an important chemical fiber material. Its production, consumption and import quantity in China rank the first place in the world. Chinese chemical fiber industry has been developed very fast in resent years and will accelerate in the future. The production, processing and consumption enterprises of PTA industry have been faced great risks in cash markets. That’s why ZCE launches this product. Through launching PTA futures, ZCE offers a tool for the industry to manage their risks and helps to discover the price. We believe that ZCE’s PTA futures will impact the global petrochemical and chemical fiber sector and become the pricing center.

This first day’s trading volume totaled 49,396 contracts, with the open interest of 7,782 contracts.