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.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
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.
The spot purified terephthalic acid (PTA) prices were hovering at $1,049-1,062/tonne CFR (cost & freight) CMP (China Main Port) from mid-May to early July.
The market lacks upward momentum because of the weak macroeconomic environment and lower feedstock paraxylene (PX) prices. However, healthy downstream polyester demand from China and increased demand from India supported PTA prices.
China’s downstream polyester industry maintained a relative high operation rate of around 80% capacity in June and July and the build-up of inventories were limited.
India was in short supply of PTA since the beginning of May because of incessant production issues at local plants, rapid expansion in the downstream polyester industry and a traditional peak polyester demand season from June to September.
PTA producers in China and South Korea have raised their plant operating rates since May because of improved demand and margins. The average operating rate at China and South Korea’s PTA units rose to around 80% and 90% capacity, respectively, in August, compared with 54% and 74% capacity, respectively, in April.
PTA prices staged a steady uptrend lasted from early July until mid-August, reaching $1,117-1,124/tonne CFR CMP in the week ended 9 August. Price gains were mainly bolstered by stronger crude futures and bullish sentiment in co-feedstock monoethylene glycol (MEG) spot market. Tight spot availability and persistently strong polyester demand in China and India also lent additional support to prices.
Updated to mid-August 2013
The average prices of Chinese domestic purified terephthalic acid (PTA) continued to drop from yuan (CNY) 7,750-7,800/tonne in mid-August, and fell to their lowest level so far in 2013 of CNY7,280-7,310/tonne in early November, due to the slumping demand in downstream and excess supply. Although WTI and paraxylene (PX) prices remained at a high level in August and September, and profits for PTA producers decreased during the three months, keeping the PTA market vulnerable.
Domestic prices recovered slightly from CNY7,280-7,310/tonne to CNY7,340-7,380/tonne supported by the future market in the first week in November. During this period, traders’ buying sentiment was more active than downstream. However, the weak downstream demand forced the operating rate down in the polyester industry from August, and buying sentiment was low despite some speculative carry trades. As PTA future market prices fell, the spot market was back to a stalemate in mid-November.
Updated to mid-November 2013
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.