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China PTA Futures Weekly Report (March 04, 2019)

Fang submitted 2019-03-04 14:31:12

From February 25, 2019 to March 1, 2019: the closing price of the main contract (TA905 contract) of PTA futures on Friday was 6590 yuan, 130 yuan higher than the closing price of the last trading day of last week. The highest price for this week is 6596 yuan, and the lowest point is 6298 yuan.

This week (2019/2/25-2019/3/1), the total volume of the main contract was 10,462,312 lots, an increase of 78,684 lots from last week. After the close of trading this Friday, the open interest of the main contract was 937,842 lots, a decrease of 8124 lots from the last

trading day of last week.

11,466,852 lots of China PTA futures were traded during 2/25/2019 to 3/1/2019, and the weekly turnover (notional value) was 366.005 million yuan (RMB), approximately $54.66 billion. The average daily trading volume for the current week was 2,289,370 lots/day.

Notes: The main contract refers to the futures contract with the maximum open interest.

Table:Volume, Open interest and Turnover of PTA futures

Category

Current week

Last week

WoW Change

Volume

11,446,852

11,685,102

-2.04%

Open interest

1,416,960

1,395,828

1.51%

Turnover(10,000 yuan)

36,600,519

37,663,162

-2.74%

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Graph: Close price of TA.CZC(in CNY2018/3/26-2019/3/1)


Graph: Sum of All PTA Future contracts (2018/10/22-2019/3/1)





Notes:

The last trading day for China PTA futures March 2019 contract (TA903) is March 14th, 2019 and the final delivery date is March 18th, 2019.


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