Tianjin Bohai Commodity Exchange held the listing ceremony of two spot trading products of PTA (pure terephthalic acid) and fiber grade polyester chips in Changxing County, Huzhou City, Zhejiang Province on May 10, and invested RMB 2 billion in Bohai Modern Logistics Base— - Bohai Modern Logistics Co., Ltd. also started construction on the same day. With the use of spot-to-spot transactions, Haoshang launched PTA and polyester chip varieties, which facilitated the sales and procurement of the company, helped the integration of the industry chain, and eased the “triangular debt†stubborn illness and quality disputes of the spot industry.
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