An online seminar discussing current market trends and the upstream-downstream price volatility
Market dynamics for the Asian purified terephthalic acid (PTA) sector have been shifting due to the addition of new capacities. Capacity growth in Asia is estimated at 14-17% from 2013-2015. However, the bulk of these new capacities are coming from China, with the country looking to add another 27m tonnes/year of PTA capacity by the end of this year.
As a result, China has been importing less PTA over the years, with volumes falling to 2.14m tonnes in 2013 from a high of 7m tonnes in 2006. Due to the sharp decline in imports into China, prevailing CFR (cost & freight) China prices have been hugely impacted. At the same time, the spread between the feedstock paraxylene (PX) and PTA prices has been squeezed over the past few years, resulting in a shift in market dynamics to a cost-linked route to stem losses.
How should you as an industry participant cope with the new market conditions?
ICIS hosted a webinar on 10 September 2014 to discuss the market conditions, providing key information for industry players facing this continued volatility within the Asian PTA market.
By downloading the presentation slides, you will gain access to all of the following:
About the speaker
Samuel Wong is the ICIS market editor for both the Asia Paraxylene (PX) and Purified Terephthalic Acid (PTA) markets. Samuel has covered the PX markets for close to two years, while the PTA markets for close to a year. Samuel has recently given a presentation at this year’s APIC, several at related conferences and customized presentations to individual companies.
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier,Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.
About Reed Business Information
At Reed Business Information we provide information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.
The Asian PTA markets remain volatile with both opportunities and challenges being faced by industry players. Keeping abreast of the latest prices and market updates is crucial when doing business.
ICIS provides accurate and reliable pricing information, including a PX-PTA cost-linked index which gives you better transparency on prices. Information on the various factors driving prices such as supply/demand, feedstock markets, downstream markets, production news and trading activity is also included.