ICIS price reporting for regional Terephthalic acid markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
Terephthalic acid news and market information products from ICIS
We offer the following regional Terephthalic acid coverage to keep you informed of factors and developments affecting prices in the Europe Terephthalic acid marketplace.
Price Reporting – More information about the price reports we publish on Terephthalic acid
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Terephthalic acid
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q2 2018
The purified terephthalic acid (PTA) market has been critically tight in Europe. BP in Belgium declared force majeure in April, which remained in place through the quarter. The Geel site conducted maintenance in March, so stocks were seriously depleted. In April and May there was a force majeure at Poland’s PKN Orlen facility, which also experienced supply issues in June, according to sources. The overall situation worsened when Hanwha General Chemicals in South Korea also declared force majeure in May.
The summer is peak season for downstream polyethylene terephthalate (PET), which normally picks up momentum in advance of high demand, so the total lack of PTA availability had serious consequences. These included a force majeure on PET and a plant operating at technical minimum. Several PET producers were scrambling for PTA, trying to keep up with their customers who were scrambling for PET.
US purified terephthalic acid (PTA) supply became pinched during the second quarter and was heard to be on sales allocation during June. The sales control was due to an upstream outage in acetic acid and resulting force majeure. The tight supply had only limited downstream impact in the polyethylene terephthalate (PET) market. A source noted that the issue was manageable with contracts being met on the PET side. Little resin was left for spot deals, however.
US PTA demand was high during the second quarter as the downstream PET market entered its peak consumption season. Demand was especially strong as PTA was heard on sales allocation during the last month of the quarter. Demand for PTA also increased on the start-up of Far Eastern New Century’s (FENC) PET resin plant in West Virginia, which had been down since October.
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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Terephthalic acid, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.