BP Zhuhai receives Chinese exchange approval as factory warehouse
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SHANGHAI (Reuters) - Purified terephthalic acid (PTA) producer BP Zhuhai Chemical Co. Ltd, received approval from Zhengzhou Commodity Exchange as a designated factory warehouse from March 20 onwards, according to a statement from the exchange on Friday.The approval for BP Zhuhai, a unit owned by oil major BP and Zhuhai Port Co., based in China's southeast region of Guangdong, further internationalizes the Zhengzhou exchange's PTA futures contract, said the exchange. The Zhengzhou exchange had..