For clear insight into regional Terephthalic acid markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Terephalic Acid Asia Transcript
ICIS provides daily and weekly coverage of purified terephthalic acid (PTA) in Asia offering real time market intelligence and in-depth market analysis.
Spot price assessments are provided for the key China market, the Indian market as well as information on monthly contract settlements in China and Taiwan.
Commentary includes analysis of the China market and India market together with downstream polyester and production use.
The cost and freight (CFR) China Main Port (CMP) spot quotation is an important benchmark in the industry and since 2010 has been split into two categories following the implementation of anti-dumping duties.
Due to our fast reaction to the market changes and our coverage of price assessments, Asia PTA producers, traders and end users chose to refer to ICIS numbers as their benchmark prices in contract settlements.
ICIS attaches great importance to talking and listening to industry experts on a daily basis. This eliminates bias and ensures a more accurate and independent pricing assessment.
Terephthalic acid news and market information products from ICIS
We offer the following regional Terephthalic acid coverage to keep you informed of factors and developments affecting prices in the Asia Terephthalic acid marketplace.
Price Reporting – More information about the price reports we publish on Terephthalic acid
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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News & analysis
News & Analysis - News & market analysis specifically relating to Terephthalic acid
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q1 2016
Demand for purified terephthalic acid (PTA) was subdued, as end-users in the downstream polyester markets were facing a lull season for their end-products. This was due to the major Lunar New year holidays being celebrated in Asian countries like China, Taiwan and South Korea, as well as in the southeast Asia region.
Major producers, such as Yisheng Petrochemical, BP Zhuhai and Ningbo Mitsubishi Chemicals, took the chance to undertake maintenances and turnarounds in the face of the lull in demand.
However, the spread between feedstock paraxylene and PTA held up relatively well in the face of falling crude oil prices. Spreads were largely above the $70/tonne mark, even though it dipped to $60-70/tonne on a few occasions.
This was due to the lower inventory levels, which the market was not expecting. The lower inventory levels were due to the reduced operating rates of PTA plants in China and did not bloat inventories as some market participants had expected.
Updated to Q2 2016
In April, PTA prices climbed following the crude in April and then fell with the decrease of PTA futures. Spot prices rebounded on higher crude oil prices in early April.
Prices weakened after initial increases in mid-month in line with Zhengzhou cotton, screw-thread steel and chemical futures prices. In the last week of the month, Jiangyin Hanbang and FCFC Ningbo postponed the restart of their units, while Yisheng Petrochemical would cut its May contract volumes to 90%. As a result, the downward trend came to a halt.
Negotiations in east China increased by CNY250-259/tonne to CNY4,867-4,870/tonne at the end of the month. In May and June, price dropped because of weaker support from the cost side and the bearish futures market. Prices were at CNY4,700-4,740/tonne at the end of the June. (The above prices were on an EXWH by cash basis.)
ICIS experts closely follow the Asian terephthalic acid (PTA) markets to give you access to comprehensive, accurate and timely pricing information, market commentary and news.
Asia Terephthalic Acid Weekly
ICIS provides weekly coverage for the Asian terephthalic acid (PTA) industry, offering spot price assessments for key Asian markets such as China and India as well as contract settlements in Taiwan.
The weekly coverage includes information on supply/demand trends, feedstock movements, production, capacity and downstream polyester sectors.
The cost & freight (CFR) China Main Port (CMP) spot quotation is an important benchmark in the industry and has been split into two categories following the implementation of anti-dumping duties (ADDs).
Asian PTA producers, traders and end-users refer to ICIS numbers as their benchmark prices in contract settlements as a result of our fast reaction to market changes and our extensive price assessments.
ICIS attaches great importance to talking and listening to industry experts on a daily basis. This eliminates bias and ensures more accurate and independent pricing assessments.
Asia Terephthalic Acid (PTA) Daily
The ICIS Asia Terephthalic Acid (PTA) daily report supplements the detailed weekly market coverage and analysis in a liquid market. The daily update enables industry players to access information on time-sensitive deals, price movements and production news. It provides reliable information, enabling you to react quickly to opportunities and take advantage of short-term arbitrage windows.
Each daily report includes deals, bids and offers for widely transacted quotes – Cost & Freight (CFR) China Main Port (CMP) and Ex-Warehouse (EXWH) China.
Information of downstream polyester industry and an evaluation of the impact of PTA futures are also included, along with a detailed analysis of spot trading activities taken place in China - the most influential PTA market in the region.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Terephthalic acid. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Terephthalic acid, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.