PTA futures close higher

ZHENGZHOU - PTA (purified terephthalic acid) futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active PTA contract for January 2021 delivery gained 6 yuan (87 US cents) to close at 3,774 yuan per ton.

On Monday, the total trading volume for nine listed PTA futures contracts on the ZCE was 789,650 lots with a turnover of 14.73 billion yuan.

As the world's largest producer and consumer of PTA, China listed PTA futures on the ZCE in 2006 and opened them to international investors in November 2018.

PTA, a commodity chemical and textile raw material, is a downstream product of petroleum and one of the most important bulk organic raw materials in China.