PTA futures close lower

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

The most active PTA contract for September 2020 delivery lost 26 yuan ($3.72) to close at 3,554 yuan per ton.

On Monday, the total trading volume for nine listed PTA futures contracts on the ZCE was 925,000 lots with a turnover of 16.76 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.