Insight
China's PTA producers look to futures to endure pandemic impact
Report summary
In the past six months, PTA producers in China have been using China’s PTA futures market to price PTA in the spot market, hedge against risks, and manage inventory. This has allowed many to stay profitable, despite the market uncertainty and disruption brought by the coronavirus pandemic. The PTA futures market has some flaws and limitations. But it has changed the way PTA producers doing business in the world’s largest polyester market.
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