Zhejiang Hualian Sunshine Petrochemicals, China's leading producer of purified terephthalic acid (PTA) and an affiliate of China Union Holdings, has reportedly brought the PTA production to a standstiill owing to a huge loss it incurred in the trading PTA futures contracts on Zhengzhou Commodity Exchange.
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Wednesday, October 08, 2008
China's leading PTA producer on brink of insolvency; PTA production held up
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