Zheng Shang Has Optimized The System To Better Serve The PTA Industry.

< p > China Textile Industry Federation, China Chemical Fiber Industry Association joint < a href= "http://www.91se91.com/news/index_c.asp" > Zhengzhou commodity exchange < /a > held the seminar on PTA/PET industry development and operation in Hangzhou in 2014.

Xu Wenying, vice president of China Textile Industry Federation, Duan Xiaoping, President of China Chemical Fiber Industry Association, Zheng Shang and nearly forty PTA industry chain enterprises, more than 20 Futures Company, investment companies and relevant media participated in this meeting.

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At P meeting, Xu Wenying, vice president of China Textile Industry Federation, said, "a href=" http://www.91se91.com/news/index_c.asp "> textile industry < /a > market is more perfect, and its development often needs market adjustment.

At present, the textile, clothing and chemical fiber industry is facing a relative, cyclical and structural overcapacity.

This structural surplus reflects the rule of rising period of industrial development to stable period and then down period.

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< p > most of the participants in the spot business believe that the demand for consumer enterprises, which are severely restricted by capacity, such as polyester and other downstream bodies, is insufficient. The spot price of PTA is lower than the cost of production for a long time, and the spot dynamic loss is 400 - 600 yuan / ton, and the PTA industry chain is in a difficult position.

PTA futures have been playing a positive role in helping industry to avoid risks and guiding enterprises' production and operation for 7 years. It has gradually become a reference tool for spot enterprises to issue sales prices and a good tool for managing risks.

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< p > < a href= > http://www.91se91.com/news/index_c.asp > Duan Xiaoping, President of the China Chemical Fiber Industry Association < /a >, said that for enterprises, it is not possible to directly conduct futures trading, especially speculative trading, but we must pay attention to the trend of PTA futures prices, because it has become a weathervane, and enterprises must study it, if they participate, we must take it as a hedge.

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According to the data provided by Zheng P, the average daily trading volume and position of PTA futures in 2013 were 641 thousand and 629 thousand respectively, representing an increase of 1463% and 979% respectively compared with 2007.

PTA futures legal customers have a high degree of participation and investors' structure is also improving.

In 2013, the total number of PTA futures customers was 199 thousand, representing an increase of 317% over 2007.

Among them, the number of legal person customers is 2428, an increase of 652% over 2007.

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< p > participants said that PTA futures objectively reflected the situation of the spot market. The market agreed with the guidance function of the futures price. In the future, it would take a more active part in the futures market, flexibly apply hedging and other means to "insurance" for the business operation, and also hope that the exchanges and Futures Company could provide better and more targeted services.

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"P", director of Zhengshang, said that this year, the exchange will focus on how PTA futures can better serve the industry chain enterprises, and do fine and meticulous varieties.

The first is to study the precise target positioning of PTA futures, and PTA futures will become the platform for trading pricing in the future, the platform of trade price, hedging platform, efficient platform for buying and selling, platform for financing and win-win value chain. Two, it will launch a series of mechanisms and measures such as customer management system, innovative incentive mechanism, training and training system, and contract rules to improve the function of PTA futures.

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