PTA Futures Open Up A Long Way To Go

On the forum of "PTA futures open to the outside world," Qin Quanjin, deputy general manager of Zheng Shang, said that many enterprises in Italy, Korea and India proposed to participate in PTA futures market in China.

At the same time, China's PTA exports also have an expansion trend, and the cooperation and trade between domestic and foreign enterprises will be strengthened in the future.

With the emergence of new international industrial pfer and international division of labor, China's polyester industry and textile industry must protect the existing industrial advantages, not only for enterprises to improve technology and product quality, but also for enterprises to participate in international competition at a higher level.

For the time being, only through the spread of interest spreads, can we pass the trade gap?

To control risks and minimize social operation costs, enterprises can survive.

"For our trading enterprises, facing the current social development and the change of the gravity center of the whole economic development," going out "is the necessary way for the development of trade and production enterprises.

Wang Yuxing, director of the futures Department of Tong Kun group, said that to realize the internationalization of trading companies, enterprises should actively enhance their professional standards and actively participate in international support to form an integration of upstream and downstream industrial chains.

Under the strategy of "one belt and one road", the international trading platform developed by the futures market will boost the process of internationalization and enhance the international competitiveness of enterprises.

Talking about the way of PTA futures opening to the outside world, the industry chain enterprises also have a deeper understanding.

Domestic enterprises need to improve

It should not be merely price fixing, but new means must be applied.

To make good use of futures tools has become an important competitive force for PTA industry chain enterprises to become bigger and stronger. It has become a magic weapon for enterprises to bend over and overtake after improving product quality, but it is rich and sound.

The financial instruments of the whole industry chain still need to do a lot of work.

"We hope that in the design of futures products, such as delivery items and delivery places, exchanges can start from international standards."

Hong Jiangyuan said that now there is no bonded delivery in Zhengshang, and the process of PTA internationalization is starting. This is actually a very good pilot, and it is a very important link for the development of the entire PTA industry.

For the introduction of foreign investors by Zheng Shang, the participants suggested that in addition to India, Turkey, Egypt, South Africa and other textile markets, we should introduce some investment institutions in the US Wall Street or in Europe and London, so that they can also participate in our futures market.

It is worth noting that the internationalization of PTA futures will also face obstacles in technology and delivery when introducing foreign investors.

Therefore, the internationalization of PTA futures is not only the inherent advantage of our country, but also the responsibility of further improving the function of PTA futures.

At present, only a good start has been made. The opening of PTA futures in the future is still a long way to go.