ICIS adds a PX-PTA cost-link assessment to its Asia PTA price report

06 January 2015

ICIS has enhanced its Asia purified terephthalic acid (PTA) price report by adding a FOB (free on board) Asia formula-based spot price assessment to better reflect current trading patterns and to provide a vital benchmark for industry players operating within the region.

The market dynamics for the Asian PTA sector have been shifting due to the decrease of imports from China. The country is now leaning towards being more self-sufficient, causing the prevailing CFR (cost & freight) China main port assessment to track less than 5% of the total PTA market share in the region. At the same time, the spread between the paraxylene (PX) feedstock and PTA prices have been narrowed in the last few years, shifting market dynamics towards a cost-linked route to stem losses.


To address changing market conditions and growing information needs, ICIS has introduced the FOB formula-based spot price assessment, an alternative quote that can be used for benchmarking contracts.


This new assessment will be largely based on a PX-PTA cost-linked formula, which includes the conversion ratio and additives costs gathered during the week, with deals taking precedence. In the absence of transactions, the assessment will be based on the best bids/offers gathered during the week.

“As trade to China decreases, the new FOB Asia formula-based spot price assessment serves as a baseline to eliminate uncertainty and enables industry players to assess Asia’s PTA market more objectively,” says Samuel Wong, markets editor of the ICIS Asia PTA price report.

By adding the new assessment, the ICIS Asia PTA price report now gives a complete picture of the region’s trading activity. The report provides all of the following:

  • Newly added formula-based spot price on an FOB Asia basis
  • Contract prices – DEL (delivered) prices for Taiwan and China, as well as CFR China prices
  • Spot prices – CFR China and India main port, EXWH (ex-warehouse) China and FOB northeast Asia main port
  • Commentaries on trading activity, supply/demand and domestic Indian and Chinese markets
  • Plant and productions news
About ICIS

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. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

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Choose ICIS to stay up to date with the latest market developments

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 in the region.

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.

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