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 Q3 2014
The purified terephthalic acid (PTA) market in Europe has been stifled by the lack of production in Portugal, and limited imports from Asia. There was a fine balance between demand and supply in early summer, as this is the peak season for downstream polyethylene terephthalate (PET), and production costs increased in July.
The August and September paraxylene (PX) and therefore PTA, contract negotiations were complicated by the split settlement in Europe for July, and the non-settlement in Asia for both August and September.
PTA prices to the PET industry are formula-related with upstream PX, and by August/September, lower global prices, lower feedstocks and weak demand compensating for the weak euro were lending a bearish tendency to discussions. However, PX settled up in the end from July to August, and down once more in September.
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.
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