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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 2016
Purified terephthalic acid (PTA) is globally long.
Artlant PTA's 700,000 tonne/year PTA plant in Sines, Portugal, remains closed for financial reasons, but the market does not seem to be feeling the lack of its presence. Asian imports have made up for any possible lack of domestic material.
There was mention of potential tolling arrangements and partnerships for Artlant PTA, but as yet there has been no significant feedstock purchases, according to sources. A restart in the spring is therefore, unlikely, according to sources.
PTA prices are based on a calculation using 0.67 of the paraxylene (PX) price move.
The year began with another decrease, supported by further downward movement in both crude and Asian spot PX prices.
There was another drop in February, in line with expectations partly on the back of lower Asian prices.
Come March and the mood had changed. Firming feedstock and spot prices in Asia, as well as tightening supply due to planned maintenance work in Europe, were among the factors contributing to a slight increase in PX, and, therefore, PTA.
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.
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