Terephthalic acid Prices, markets & analysis
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
Track historical price data
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 2015
Supply conditions in the purified terephthalic acid (PTA) markets in Asia remained oversupplied, especially in the key China markets. This was mainly due to high operating rates at PTA facilities, despite stable-to-weak conditions in the downstream polyester markets. This had led to a build-up in inventories, with stock levels estimated at around 2.2m-2.4m tonnes in China in the first quarter of 2015. In the first quarter, the market saw the addition of China’s Hengli Petrochemical’s new 2.2m tonne/year PTA unit, and Reliance Industries Ltd’s (RIL) new 1.1m tonne/year PTA unit. PTA makers continue to face squeezed margins, largely attributed to firm feedstock costs. In March, the industry saw the exit of Zhejiang Yuandong Petrochemical from the PTA business, as the company had filed for bankruptcy. In the quarter, PTA material from South Korea to the key China markets had been reduced, as producers were unwilling to sell their products at below cost. This failed to lift spot PTA prices drastically, as supply was largely ample in China.
Updated to Q1 2015
Spot purified terephthalic acid (PTA) prices bottomed out after hitting historical lows in early January and then fluctuated at low levels late in the month. The lowest prices were around Chinese yuan (CNY) CNY4,250-4,300/tonne in mid-January. Prices then rebounded during February as downstream producers and speculators became more active in buying spot at low levels. Domestic PTA prices in East China increased to CNY4,770-4,900/tonne by early March.
PTA prices then went down in early March due to a low Asia paraxylene (PX) contract and rising inventory of PTA. Because of the contango between the future market and the spot market, PTA producers kept operating rates high, which made the spot market stay weak.
PTA prices were on a downtrend at the end of March. Prices decreased to around CNY4,420-4,460/tonne by 27 March.
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.