Products-PTA

(Adopted at the 18th meeting of the 8th Board of Governors on October 8, 2024; issued by Announcement [2024] No.158 onNovember 19, 2024;applicable to TA2510 and later contracts, effective as of November 19, 2024.)

Product

Purified Terephthalic Acid (PTA)

Trading Unit

5 metric tons/lot

Price Quotation

Chinese yuan (RMB) per metric ton

Minimum Price Fluctuation

RMB 2 yuan/metric ton

Daily Price Limit

±4% of the settlement price of the previous trading day and further subject to the price limit provisions of the Risk Control Rules of Zhengzhou Commodity Exchange

Minimum Trading Margin

5% of contract value

Delivery Months

Monthly contracts for 12 consecutive months

Trading Hours

9:00-11:30 and 13:30-15:00(Beijing time) and other trading hours prescribed by Zhengzhou Commodity Exchange

Last Trading Day

10th trading day of the delivery month

Last Delivery Day

Receipt Delivery: 13th trading day of the delivery month??????Export Board Delivery: 10th day of the month following the delivery month

Grade and Quality

See the Detailed Rules of Zhengzhou Commodity Exchange for Purified Terephthalic Acid Futures

Delivery Point

Delivery points designated by Zhengzhou Commodity Exchange

Delivery Method

Physical delivery

Product Code

TA

Listing Exchange

Zhengzhou Commodity Exchange

Underlying

Purified Terephthalic Acid (PTA) Futures Contract

Contract Type

Call Option, Put Option

Trading Unit

One PTA futures contract

Price Quotation

Chinese yuan (CNY) per metric ton

Minimum Price Fluctuation

CNY0.5/metric ton

Price Limit

The same as the price limit of the PTA futures contract

Contract Months

The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the second trading day after the open interests (single-sided) of their underlying futures contracts exceed 10,000 lots after clearing.

Trading Hours

9:00-11:30 and 13:30-15:00(Beijing time) and other trading hours prescribed by Zhengzhou Commodity Exchange

Last Trading Day

The third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange

Expiration Day

The same as the last trading day

Strike Price

The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit.

The strike price interval is: CNY50/metric ton when the strike price is less than or equal to CNY5,000/metric ton; CNY100/metric ton when the strike price is greater than CNY5,000/metric ton and less than or equal to CNY10,000/metric ton; CNY200/metric ton when the strike price is greater than CNY10,000/metric ton.

Exercise Style

American style. The buyer can submit the application for exercising PTA option during trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.

Product Code

Call option: TA-contract month-C-strike price

Put option: TA-contract month-P-strike price

Listing Exchange

Zhengzhou Commodity Exchange