PTA futures trading officially introduces foreign players Semi-virgin Grade polyester yarn

On November 30, PTA futures trading officially introduces foreign players. Fang Xinghai, Vice chairman of CSRC, and He Jinping, vice-governor of Henan province, jointly launch a ceremony for the introduction of overseas traders for PTA futures.

After grabbing the first foreign trader of crude oil and of iron ore futures, Glencore won the first PTA1909 contract for PTA futures. The company passed the transaction through Straits Financial Service Co., Ltd. by entrusting Xinhu Futures.

9 companies in China become PTA futures export service providers recommended by Zhengzhou Commodity Exchange, and the 9 PTA futures export service providers are as following: Ningbo Hengyi Industrial Co., Ltd., Shanghai Textile Investment Co., Ltd., Shanghai Haitong Resources Management Co., Ltd., Wanxiang Resources Co., Ltd., Yisheng Dahua Petrochemical Co., Ltd., Zhejiang Qiancheng Petrochemical Co., Ltd., Zhejiang Property Chemical Group Co., Ltd., Zhejiang Yongan Capital Management Co., Ltd., and China State Investment International Trade Nanjing Co., Ltd.

After PTA futures introducing foreign players, the participating level from market is expected to heighten, and the depth and width in serving the real economy will improve further.