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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 2016
The European Commission initiated an anti-dumping investigation into the imports of purified terephthalic acid (PTA) and its salts originating from South Korea. The complaint was lodged by BP Aromatics, Artlant PTA and Indorama Ventures Quimica, which together represent more than 25% of total EU production. The investigation will cover the period from July 2015 to June 2016.
South Korea has focused increasingly on the European and domestic markets as former major importers China and India gradually become net exporters on increased domestic production capacities.
As for local production, there is still no news of a recovery for Portugal’s Artlant PTA which has been dogged by financial problems.
The PTA price increased from June to July but the trend gave way to decreases in the rest of the quarter. Monthly prices are calculated using 67% of the move in upstream paraxylene (PX).
Updated to Q1 2016
The US purified terephthalic acid (PTA) market during the first quarter saw decreases based on movement in the US paraxylene (PX) contract market.
PTA is made from PX, and is then used to make polyethylene terephthalate (PET).
The US PTA price is not freely negotiated and, for the purposes of the ICIS assessment, its movement is equivalent to 67% of the US PX price delta for the month in which it was settled.
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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