It is reported that with the growing progress of the preparatory work of the Zhengzhou Commodity Exchange, PTA futures trading is expected to be officially launched in late December this year. At the same time, a series of market promotion activities organized by the Exchange also will be opened. PTA also known as fine terephthalic acid (Purified Terephthalic Acid), is an important one bulk organic raw materials, its main purpose is the production of polyester fibers (polyester), polyester film and polyester bottles, widely used in chemical fiber, all aspects of the national economy in light industry, electronics, construction, closely related to the level of people's living standards.
the past two years, the international oil prices soaring, had a great impact for the price of chemical fiber products, such as the impact of the polyester. Polyester staple fiber, viscose staple fiber and cotton are the same as the main raw material of spinning. PTA is the main raw material for the production of polyester staple fiber, If the PTA textile products to the futures market, the status quo will adjust the price of polyester staple fiber costs inverted. China Chemical Fiber Industry Association in 2005 industry run analysis reports also said
Shaoxing is famous textile county, and with the increasing awareness of the enterprise market,Humanities, eager to price hedging through futures. This provides a good market foundation for the establishment of PTA futures market. Yesterday, PTA futures market functions briefings on the futures exchange, futures brokerage companies, the polyester industry experts, as well as Zhejiang region polyester --- polyester industry chain enterprise responsible person the PTA futures varieties prospects Outlook as well as How involved in hedging and other issues in-depth analysis and discussion.
According Exchange reflected PTA futures market in the country for the first time to hold such briefings. The meeting was hosted by the Zhengzhou Commodity Exchange, Futures Brokerage Co., Ltd. in Zhejiang more responsible for the contractor, deputy general manager Zhang Banghui Zhengzhou Commodity Exchange,health questions, China Securities Regulatory Commission Zhejiang Authority deputy director Shao Xiqiu, chairman of Dai Viet Futures MATRIX ALGORITHM attended the meeting and delivered a speech.
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