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China PTA Futures Weekly Report (February 18, 2019)

Fang submitted 2019-02-18 10:40:38

Please note:

1. Volume, Open Interest and turnover include buy and sell (double-side counted); 2. Volume and Open Interest are measured in lots;

3. Turnover (notional value) is measured in 10,000 yuan(RMB);

4. Price is daily/weekly last trading price.


Review (2019/2/11-2019/2/15)

From February 11, 2019 to February 15, 2019:the closing price of the main contract (TA905 contract) of PTA futures on Friday was 6392 yuan, 244 yuan lower than the closing price of the last trading day of last week. The highest price for this week is 6738 yuan, and the lowest point is 6274 yuan.

This week (2019/2/11-2019/2/15), the total volume of the main contract was 10,593,008 lots, a decrease of 1,157,694 lots from last week. After the close of trading this Friday, the open interest of the main contract was 1,052,950 lots, an increase of 191,354 lots from the last trading day of last week.

11,522,348 lots of China PTA futures were traded during 2/11/2019 to 2/15/2019, and the weekly turnover (notional value) was 373,620 million yuan (RMB), approximately $55.25 billion. The average daily trading volume for the current week was 2,304,470 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

11,522,348

12,622,784

-8.72%

Open interest

1,467,778

1,281,394

14.55%

Turnover(10,000 yuan)

37,362,039

40,821,468

-8.47%


Graph: Close price of TA.CZC(in CNY2018/3/26-2019/2/15)


Graph: Sum of All PTA Future contracts (2018/10/22-2019/2/15)


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