PTA Futures Strides Forward Towards Internationalization

It is understood that Asia's PTA capacity accounts for 84% of the world's capacity. As the world's largest producer, consumer and importer of PTA, China has pioneered PTA futures.

Due to the fact that there are no PTA futures in other countries, demand foreign spot traders can only participate in PTA futures trading in China, while European and American related markets and enterprises have long been concerned about China's PTA futures price.

What's more, China's polyester industry has an important bargaining chip in international trade negotiations because of its international influence on the price of its raw materials.

"PTA as raw material for polyester, 80% are from China.

From this point of view, we are buying polyester raw materials in China, and we need a tool to avoid the risk of price fluctuation. This is also the driving force for us to use PTA futures to lock in costs and hedge.

Zanchi said, PTA futures made China.

Pricing is more pparent, and the internationalization of PTA futures helps to eliminate China's barriers to international trade negotiations.

Qin Quanjin believed that

The industrial chain needs to respond positively and fully seize the favorable opportunity. The chemical fiber industry as an important complement to the textile industry also needs to study the cooperation strategy with the "one belt and one road" countries.

In response, Hong Jiangyuan, assistant general manager of Xiamen Xiangyu stock company, thinks that

The internationalization of futures will affect the pricing of textile exports more and more.

In Hong Jiangyuan's view, the introduction of foreign investors to speed up the internationalization of PTA futures, domestic enterprises in the pricing of international trade, it is possible to use PTA futures prices as a tool for trade pricing, it is possible to avoid market risks in accordance with the global market situation in advance, to guarantee the legitimate rights and interests of domestic enterprises.

At present, China is pushing forward the strategic concept of "one belt and one road" and the establishment of a free trade zone, so as to provide strong support for the international layout and development of the industry's "going global".

As the end point of the petrochemical industry and the starting point of the textile industry, PTA futures price is not only related to the pricing of upstream petrochemical products, but also related to the pricing of downstream textile products, which has far-reaching significance for China's entire textile industry.

At the same time, the internationalization of PTA futures will not only improve the influence of China's PTA market, but also have a far-reaching impact on China's textile export pricing.