Terephthalic acid Prices, markets & analysis
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Terephthalic acid Europe Transcript
The European purified terephthalic acid (PTA) market is highly dependent on the exciting world of the PTA feedstock paraxylene (PX), also on PTA capacity and its developments and downstream PET activity. All of this is accurately described in the ICIS report.
The weekly updates hosts free delivered (FD) northwest Europe (NWE) monthly contract prices for PTA and for PX. The previous year’s PTA prices are also included as well as a dollar per metric tonne conversion, crucial for making informed decisions about this global commodity.
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Updated to Q4 2014
The value of purified terephthalic acid (PTA) lost significant ground in the final quarter of 2014, after a steady increase that characterised Q3.
Contract prices were calculated using the upstream paraxylene (PX) price moves, which brought with them much controversy. This caused delayed and even split PX contract price settlements.
Although December PX and therefore PTA contract pricing have yet to be fully verified at the time of writing, an initial December PX agreement showed a €50/tonne decrease. This was not universally well received. The lack of consensus once again gives rise to the spectre of a split settlement, as happened in July and October.
More significant decreases are expected in pricing, following global slumps in energy and feedstocks. However, the exact magnitude of cuts will not be known until the PX contract settles for December.
The long-awaited restart of Portugal-based Artlant PTA has yet to take place, but in November it announced that it would begin operations at the 700,000 tonne/year unit in Sines at the end of 2014.
Overall downstream polyethylene terephthalate (PET) demand has been low, due in part to a weak seasonal market, but availability has been reduced by a number of planned shutdowns by producers and the market has thus remained balanced.
The European purified terephthalic acid (PTA) market is highly dependent on PTA feedstock paraxylene (PX), PTA capacity and its developments, and downstream PTA activity. These factors are accurately described in the ICIS report.
The weekly updates hosts free delivered (FD) northwest Europe (NWE) monthly contract prices for PTA and for PX.
The previous year’s PTA prices are also included as well as a dollar per metric tonne conversion, crucial for making informed decisions about this global commodity.
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.
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