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PTA |
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Trading Unit |
1 ton |
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Quotation Unit |
Yuan (RMB)/ton |
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Minimum Price Fluctuation |
2 Yuan/ton |
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Trading Hours (All times listed are Beijing Time) |
Night Time:19：00 p.m.- 3：00 a.m. Morning Time: 9：00 a.m. - 11：30 a.m. Afternoon Time: 13：30 p.m. - 16：00 p.m. |
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Delivery Declaration Period (Beijing Time) |
16:00 p.m. – 16:15 p.m. of each trading day. |
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Intermediary Trader Declaration Period (Beijing Time) |
16:15 p.m. – 16:30 p.m. of each trading day. |
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Quality Standard |
Premium PTA meets the quality standard SH/T 1612.1-2005 of industrial purified terephthalic acid. |
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Delivery Sites |
Designated Warehouses by the Exchange |
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Minimum Delivery Unit |
1 ton |
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Margin Requirement |
20% |
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Transaction Fee |
0.2‰ of transaction value |
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Delivery Fee |
2 yuan / ton |
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Delivery Method |
Physical delivery |
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Compensation Rate for Deferred Delivery |
0.5‰ of contract value per day
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Commodity Symbol |
BPTA |
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Exchange Listed |
Bohai Commodity Exchange of Tianjin |
Annotation:
1. The above content constitutes the main contract specifications for the transactions completed by a buyer and a seller on the E-trading System of the Exchange.
2. The price limitations of first trading day are ±8% of the guide price; daily price limits are ±8% of the settlement price of the previous trading day.
3. Delivery Unit
The minimum delivery unit of PTA is 1 ton. The minimum delivery declaration is 100 tons.
4. Quality Standards
1) The PTA intended for delivery should meet the quality standards stated in the contract specifications.
2) The PTA referred in each Registered Warehouse Receipt shall be the same trademark, and produced by the same manufacturer.
3) Domestic PTA which has been produced for more than 6 months, or imported PTA whose shipping date is beyond 5 months are not qualified for physical delivery.
4) The premium or discount of actual goods should not exceed ±1 ton for each delivery.
5. Approved Manufacturers
The PTA intended for physical delivery shall be produced by approved manufacturers. The list of approved manufacturers shall be provided by the Exchange.
6. Designated Warehouses
The designated warehouses shall be otherwise published by the Exchange.
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BCO