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The Company Has Been Optimizing Its System. BP Has Become The PTA Futures Delivery Plant.

2020/2/18 10:12:00 0

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Zheng Shang PTA Futures BP Holding Company

In February 14th, Zheng Shang issued a notice, adding Zhuhai BP Chemical Co., Ltd. The Zhuhai BP is the PTA futures delivery plant library, the designated delivery point of the delivery plant library is the main spot port of PTA in Zhangjiagang and Pinghu, and has been implemented since March 20th. At the same time, add Hainan Yisheng Petrochemical Co., Ltd. The production of PTA is PTA futures free inspection brand.

It is understood that Zhuhai BP is controlled by BP group (British Petroleum). BP, the predecessor of Amoco Corporation, developed PTA production technology at the end of last century. It is the first commercialized PTA production enterprise in the world, and has 5 sole proprietorship and joint venture factories in the world. The Zhuhai BP is set up as the PTA futures delivery plant repository. The aim is to keep the internationalization of PTA futures deeper and deeper.

At the beginning of 2006, PTA futures first introduced the overseas delivery brand in China. 11 of the 20 PTA manufacturers listed at the beginning of the listing were offshore. 。 In 2007, the Korean PTA delivery brand successfully registered 1000 tons of PTA futures warehouse receipts in the delivery warehouse of Jiangsu Taicang Xingang Logistics Management Center Co., Ltd., which is the first futures warehouse receipt registered for the first single environmental diplomacy in China, marking the first step in opening the domestic futures market to the outside world.

In 2018, PTA futures, as the first chemical industry to introduce foreign traders, formally opened the process of internationalization. At present, the average daily trading volume of PTA futures accounts for about 7.6%, and the degree of overseas customer participation is rising. PTA futures price has become an important reference for the global polyester industry's trade pricing. In 2019, PTA bonded delivery was officially launched in Zhangjiagang bonded port area port Co., Ltd. The new BP, the Zhuhai PTA, is the PTA futures delivery plant, marking the gradual deepening of the internationalization of PTA futures from all aspects of transactions and deliveries.

Besides, The Zhuhai BP will be added to the PTA futures delivery plant library to fill the blank of the Guangdong regional delivery base on the basis of ensuring that the benchmark area of PTA futures is unchanged. According to the PTA futures delivery warehouse system, the designated delivery point of the Zhuhai BP delivery plant library is the PTA spot main port in East China, which fully ensures the certainty of the buyer's customer's delivery. The polyester industry customers in Southern China (Guangdong) can consult with the factory library to ensure that the polyester enterprises in East China and Southern China can facilitate the participation in PTA futures delivery and get through the PTA polyester plant in East China Southern China region. The whole market participates in the last mile of PTA futures. Southern China (Guangdong) PTA downstream enterprises are mainly engaged in polyester bottle production, Zhuhai Huarun, Kaiping Tai Bao and Guangzhou Pan Asia total capacity accounts for about 13%. It is reported that Zheng Shang is speeding up the listing of polyester chip futures, and is about to launch the collection work of the delivery library. The adjustment of the delivery facility will facilitate the participation of Guangdong industrial customers in futures trading and delivery of the PTA bottle piece industry chain, and promote the futures market to serve the construction of the big Bay area of Guangdong, Hongkong and Macao.

Zheng Shang's official said that in recent years, Zheng has constantly optimized the PTA delivery system, announced the amount of the delivery plant library, adjusted the delivery system of the delivery plant, and abolished the qualification of the manufacturers with low acceptance. In the efforts of all parties in the market, PTA futures trading positions rose steadily, and for many years in the futures function evaluation, it was located in the first place of chemical products. Next, Zheng Shang will continue to keep pace with the changes in the PTA spot industry structure and the needs of industrial customers, continue to optimize the delivery system of PTA futures, enhance the transparency of the futures market, reduce the delivery cost, and promote the use of PTA futures tools by the global polyester enterprises.