Pta futures refers to the futures products with phthalic acid as the subject matter listed in the futures market. In recent years, the price of PTA, the main raw material in the middle and upper reaches of the textile industry, has risen strongly, and the price of PTA has increased by 35.77% compared with the beginning of this year. The soaring PTA has attracted the attention of many investors, but compared with the familiar futures varieties such as soybean, corn and fuel oil, PTA sounds strange.

What is pta futures?

It is the final product of the petroleum industry. It is white crystal or powder at room temperature, slightly toxic and flammable. It is a very important bulk organic material. At present, 75% PTA is used to make polyester cloth, which is widely used in clothing and home textile fabrics. 20% is used to produce bottle-grade polyester, which is widely used in the packaging of various beverages, especially carbonated beverages; 5% is used in film-grade polyester, which is widely used in packaging products, films and cassette tapes. China is currently the largest PTA producer and consumer in the world. By June of 20021year, the global PTA production capacity was about 90 million tons, and that of China was about 66.23 million tons, accounting for 73%. In addition, PTA consumption in China increased from 654.38+0529 million tons in 2008 to 47.24 million tons in 2020, with an average annual consumption growth rate of 9.6%, even exceeding the average GDP growth rate of 7.95% in the same period.