Terephthalic acid prices, markets & analysis

The terephthalic acid (PTA) report is published weekly by ICIS in Asia and Europe. Our team of locally based reporters are fully equipped with market intelligence to provide reliable and trustworthy information for you to keep abreast of market movements and allow you to make informed business decisions.

The price assessments cover both the contract and spot markets, and the commentary includes news and analysis about business, demand and supply movements, upstream activity as well as general industry and economic news.

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Terephthalic acid Overview Transcript

Terephthalic acid or PTA is made by oxidising paraxylene or PX, nearly all the pta is consumed in polyester production including fibre and yarn, polyethylene terephthalate (PET), bottle resin or polyester film.

The textile and garment industry consumes a large proportion of global PTA output.

China is the most important import market for PTA due to its huge polyester capacity, over half of the world’s total. What happens in China, sets the tone across Asia and the world.

Sentiment plays an important role in driving Asia’s PTA spot prices. It fluctuates in line with the change in PTA futures pricing traded on the Zhengzhou commodities exchange, which in turn takes its cue from crude futures prices, equity markets, Chinese economy and financial policies and the worlds economic and political environment.

While PTA futures drive sentiment and daily trading, market fundamentals of demand and supply form the basis for longer term market outlooks. PTA Supplies have generally been tight in recent years and are expected to remain snug due to fast growing polyester expansion, especially in China.

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Terephthalic acid news and market information products from ICIS

We offer the following regional Terephthalic acid analysis and news coverage to keep you informed of factors and developments affecting prices in the Terephthalic acid marketplace.