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The role of PTA in PTA
PTA is an important bulk chemical raw material, and its chemical name is purified terephthalic acid.

terephthalic acid

Acid), its main use is to produce polyester fiber (scientific name, also known as PET), polyester film and polyester bottle, which is widely used to produce polyester fiber.

Chemical fiber, light industry, electronics, architecture and other aspects of the national economy are closely related to people's living standards.

PTA is mainly used to produce polyester fiber (the scientific name of polyester, also known as PET), and it takes 0.85 to produce 1 ton PET.

-0.86 ton PTA and 0.33-0.34 ton MEG. The scientific name of polyester is polyethylene terephthalate.

It is polyester fiber.

PTA is the downstream product of petroleum. Naphtha (alias light gasoline) is produced from stone through a certain technological process.

Extract MX (mixed xylene) from brain oil, and then extract PX (p-xylene). PX is produced by oxidation, crystallization, separation and drying.

PTA (powder); PTA+MEG (ethylene glycol, liquid) to produce PET (polyester chip); Pet score

It's polyester fiber, polyester film and polyester bottle chip. Polyester fiber is divided into filament and short fiber, and filament accounts for about 62% of polyester, which is short.

Fiber accounts for about 38%, filament is used by textile enterprises, and staple fiber is generally blended with cotton.

Second, PTA futures trading contract

W name

Purified terephthalic acid

Trading unit

5 tons/hand

Quotation unit

Yuan (RMB)/

many

Minimum variable price

2 yuan

/

many

Maximum daily fluctuation limit

Not more than 4% of the settlement price of the previous trading day.

Contract delivery month

1, 2, 3, 4, 5, 6, 7, 8, 9, 10,1,65438+ February.

trading hour

Every Monday to Friday

(early) morning

nine?o'clock

1 1:30

W (except statutory holidays) afternoon

1:30

three?o'clock

last trading day

The 10 trading day of the delivery month.

account/settlement day

The 1st12nd trading day of the delivery month

Delivery grade

5 excellent PTA

place of delivery

Exchange designated warehouse

Minimum trading margin

5% of the contract value

transaction cost

Yuan dynasty (1206- 1368)

/hand (including risk reserve)

Mode of delivery

Actual delivery

Event code

tantalum (Ta)

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