Group 1 - The first PTA bonded delivery by Yisheng Petrochemical's subsidiary Yisheng Dahua and ITG is set to take place in September 2025, facilitating smoother cross-border transactions and integrating the Zhengzhou futures market with the global industrial chain [1] - The introduction of the export-type bonded delivery system by Zhengzhou Commodity Exchange has significantly reduced participation costs for foreign enterprises, attracting more international players to engage in PTA futures trading [2][4] - As of the end of 2024, over 700 foreign traders from more than 30 countries and regions have opened accounts to participate in specific trading at Zhengzhou Commodity Exchange, indicating a growing international interest [3] Group 2 - The PTA futures market has enhanced the international trade experience for companies by providing benchmark pricing, improving negotiation power, and ensuring efficient and transparent international deliveries [2] - Companies like Wan Kai New Materials have established a mature cooperation loop with South American clients, utilizing the Zhengzhou futures prices to lock in raw material costs and streamline export processes [2] - The growth of foreign participation in the PTA market has not only increased trading volumes but also reshaped the market ecosystem, leading to a more stable polyester market [3] Group 3 - The futures market has enabled Chinese companies to expand internationally, with firms like Wan Kai New Materials and Xiamen Guomao Petrochemical significantly increasing their production capacities and export volumes since 2018 [4][6] - The introduction of futures tools has allowed companies to manage risks across the entire supply chain, as seen with New Fengming Group's expansion in polyester production and export [5] - Yisheng Petrochemical has grown from a PTA producer with a capacity of 12.2 million tons to the world's largest with a capacity of 21.9 million tons, highlighting the transformative impact of futures trading on business models [6] Group 4 - The future outlook for the Zhengzhou futures market includes the expectation of incorporating more varieties and delivery points into the international framework, promoting global industrial chain collaboration [7]