以“期货价格”为帆服务企业全球远行

Group 1 - The article highlights the evolution of "Zhengzhou Price" as a globally recognized benchmark for cross-border trade, particularly in the context of China's commodity futures market opening up to international participants since 2018 [1][4][5] - The PTA industry in China has transformed from a reliance on foreign technology to becoming a competitive global player, with production capacity increasing from over 49 million tons in 2020 to over 86 million tons in 2024, and net exports rising by 1813% from 230,000 tons to 4.4 million tons [2][3] - The introduction of PTA futures has allowed for a more transparent pricing mechanism, replacing traditional pricing models that lacked real-time references and were prone to inaccuracies [2][4] Group 2 - The Zhengzhou Commodity Exchange (ZCE) has successfully integrated international trading participants into its PTA futures market, establishing it as a key pricing reference for domestic and foreign negotiations [4][5] - The shift from fixed pricing to a futures-based pricing model has improved price transparency and reduced negotiation times from an average of 10 days to just 1 day for certain commodities [7][8] - The influence of "Zhengzhou Price" has expanded beyond regional references to become a global pricing benchmark, with significant adoption in international markets, including a 35% weight in local export quotes from the St. Petersburg Exchange [7][8]