Terephthalic acid Prices, markets & analysis
ICIS price reporting for regional Terephthalic acid markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
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.
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 Europe 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.
Following some stability in July and August, purified terephthalic acid (PTA) prices jumped up in September, only to drop back down in October. PTA contract prices follow the change in upstream paraxylene (PX), plus a conversion fee.
A delayed summer season for downstream polyethylene terephthalate (PET) bottlers eventually resulted in higher demand for PTA in September, but this was short-lived. Weakening production costs and the offer of cheaper PET imports set European PET prices on a downward trend, prompting PET producers to cut back on output. PTA production has been sporadic for months.
La Seda de Barcelona (LSB), which owns the Artenius PET and upstream Industrias Quimicas Asociadas (IQA) ethylene glycol and ethylene oxide (EO) plants, went into administration. Meanwhile, new plants in the UK, Turkey and Egypt neared completion. LSB is also a major shareholder in Artlant PTA.
The European PX market continues to take cues from Asia. Many expect a further reduction in November, in line with lower Asian spot numbers and weak derivative demand in Europe. This will impact dimethyl terephthalate (DMT) values.
Updated to mid-November 2013
US purified terephthalic acid (PTA) contract rose from August to September before declining in October as it tracked the movement of upstream PX, on a formula-based correlation.
The contract price rose 2% from 62.52 cents/lb DEL in August to 63.86 cents/lb DEL in September, on a formula-based correlation. The price then dropped by the same amount in October, returning to the same level it was at in August.
The monthly PTA contract price is not freely negotiated and, for the purpose of the ICIS assessment, its movement is equivalent to 67% of the US PX price delta for the month in which it is settled.
Updated to mid-November 2013
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.
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.