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From "China Price" to "Global Benchmark"-- Polyester futures products operation and opening-up to overseas investors
——Guo Xiangming, Senior Manager, Division III of Commodities, Zhengzhou Commodity Exchange

2026-09-04 15:16:52

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The report showed that in 2025, the combined average daily trading volume of polyester futures varieties reached 1.87 million lots, with open interest of 2.20 million lots, demonstrating precise and effective price discovery. Over 99% of PTA physical spot trade is priced using futures prices plus/minus a premium/discount. Mr. Guo then highlighted the progress in the internationalization of the polyester complex. On May 22, 2026, PX, staple fiber, and bottle chip futures were officially opened to overseas traders, achieving full internationalization of the polyester futures complex. He also detailed the "Pilot Program" special work plan, aimed at promoting the use of ZCE futures prices as the pricing benchmark for cross-border trade, helping to transform the "China Price" into a global benchmark.


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