Many PTA industry chain enterprises, futures is completely unfamiliar territory, but recently a futures news affects their nerves. PTA futures few weeks will be launched on the Zhengzhou Commodity Exchange, which owns the country's largest PTA production base Hualian Holdings (000036), is undoubtedly a work platform. Hualian Holdings Vice Chairman Fan Lian said the company is actively preparing to intervene in this platform, the main job of hedging. Hualian Holdings holds 51% of the Hualian Sunshine PTA Phase II project was put into operation in October this year, the PTA annual production capacity of 1.2 million tons. Fan refining companies interested in entering the PTA futures platform, the company gains, but also to maximize risk control. She stressed that According to her, the company is currently paying close attention to the understanding of learning on the futures market, board members and executives futures in learning the basics of operating means. At the same time, the company is considering how to organize the relevant agencies and recruitment related personnel, the company has asked some futures companies to provide information on the internal control system.
PTA also known as fine terephthalic acid (Pure Terephthalic Acid), the upstream products of chemical fiber, is the main raw material for the production of polyester staple fiber, chemical fiber is an important raw material for the textile industry. PTA as crude oil downstream products, the price of PTA is often influenced by oil price fluctuations,Home & Garden, polyester - polyester industry chain spot enterprises involved in futures hedging, to avoid the risk of business demand also continued to increase.
to Zhejiang the more futures PTA team leader Liu Jialin, fluctuations in the price of PTA is large, in early July this year, more than 7000 yuan / ton rose to 11,000 yuan / ton in mid-September to the end of October,Humanities, and down to 8200 yuan / ton. He said that PTA futures market, the enterprises involved in the PTA provides a way to evade price risk, utilization, can avoid the risk of spot price fluctuations, and to maintain the company's stable earnings. Whether it is on the production side or the demand side, are able to stabilize the production and operation of enterprises.
, Hualian Holdings PTA production enterprises, futures trading than it is now the PTA forward spot trading more institutional guarantees. Liu Jialin said, if the price of forward transactions adverse to the buyer, and breach of contract cost is relatively small, some traders may choose to breach of contract. But futures trading be able to ensure the compliance of the parties to the transaction in the system.
According to insiders, currently, the international community has not been an exchange launched PTA futures products, China is now the PTA production big country in the region, but also to the PTA big country. In China to carry out a variety of transactions, will be able to guide the market price of the PTA.
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