Terephthalic acid Prices, markets & analysis
With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Terephthalic acid market, whether you buy or sell Terephthalic acid or related products.
From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.
Terephthalic acid Overview Transcript
Terephthalic acid or PTA is made by oxidising paraxylene or PX, nearly all the pta is consumed in polyester production including fibre and yarn, polyethylene terephthalate (PET), bottle resin or polyester film.
The textile and garment industry consumes a large proportion of global PTA output.
China is the most important import market for PTA due to its huge polyester capacity, over half of the world’s total. What happens in China, sets the tone across Asia and the world.
Sentiment plays an important role in driving Asia’s PTA spot prices. It fluctuates in line with the change in PTA futures pricing traded on the Zhengzhou commodities exchange, which in turn takes its cue from crude futures prices, equity markets, Chinese economy and financial policies and the worlds economic and political environment.
While PTA futures drive sentiment and daily trading, market fundamentals of demand and supply form the basis for longer term market outlooks. PTA Supplies have generally been tight in recent years and are expected to remain snug due to fast growing polyester expansion, especially in China.
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Terephthalic acid news and market information products from ICIS
We offer the following regional Terephthalic acid analysis and news coverage to keep you informed of factors and developments affecting prices in the Terephthalic acid marketplace.
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Terephthalic acid: Market overview
Updated to Q2 2015
In Europe, purified terephthalic acid (PTA) is used mainly by the polyethylene terephthalate (PET) bottle industry, with the region closely monitoring the developments in Asia.
PTA had become more of a liquid market as a consequence of the need for imports and low global pricing. The industry is working on the assumption that Portugal’s 700,000 tonne/year Artlant PTA plant will be operational again in September. However, much now depends on the euro to US dollar exchange rate.
New PET capacity in Europe may help to absorb any excess PTA supply from Asia, should the PET plants function on time and at healthy rates.
PTA margins in Asia are expected to remain weak, as the majority of market participants expect downstream polyester demand growth to remain at around 2-3%. Long term, supply and demand conditions are expected to remain in oversupply. Margins for PTA producers could improve if operating rates at PTA facilities are reduced.
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Terephthalic acid news & analysis
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Purified terephthalic acid Methodology
About Terephthalic acid
Purified terephthalic acid (PTA) occurs as a white, crystalline powder with a slightly acidic odour. PTA is a low-risk hazard to health but prolonged exposure should be avoided.
In addition, PTA dust can be explosive, and it reacts strongly with oxidants. The substance can irritate the eyes and skin.
Nearly all PTA is consumed in polyester production including polyester fibre, polyethylene terephthalate (PET) bottle resin and polyester film.
Modern technologies produce purified terephthalic acid by the catalytic liquid phase oxidation of paraxylene (PX) in acetic acid, in the presence of air. The process uses manganese or cobalt acetate as a catalyst.