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 Q1 2015
The European purified terephthalic acid (PTA) market was and still is coping with a lack of product from the Portuguese producer, Artlant PTA. Material from this plant is not scheduled to come into the market before September.
The combination of a collapse in crude oil values and devaluation of the euro versus the US dollar made for an interesting quarter, but one in which markets were riddled with uncertainty.
PTA prices have been dropping since August, only to recover slightly from March 2015. Monthly PTA prices were dominated by the direction of upstream paraxylene (PX) contract values as well as PTA demand/supply dynamics.
PX contract negotiations were hampered by a number of moving parts including volatile Asian spot prices, and the exchange rate volatility.
Downstream polyethylene terephthalate (PET) was expected to be long because of new capacities. However, exchange rate dynamics curtailed imports and demand for domestic PET began to rise sharply in the lead-up to the peak season for PET bottlers.
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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