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Updated to Q4 2017
After downstream polyethylene terephthalate (PET) India-based producer JBF Industries took its 432,000 tonne/year Geel, Belgium plant offline in August, the European purified terephthalic acid (PTA) market lengthened. Although JBF Industries restarted both lines at its Geel facility by mid-December, most PTA sources said that supply in their market was still balanced-to-long in quarter four. This was the case in spite of two force majeures being declared by Polish supplier PKN Orlen at its 600,000 tonne/year Wloclawek plant in November. The second force majeure was lifted by mid-December.
PTA spot activity was said to be weak throughout quarter four. The second force majeure that PKN Orlen declared at the end of November at its Wloclawek plant resulted in increased demand for some traders. However, after this initial boost to consumption demand quietened down. The supplier’s initial force majeure at the start of November, furthermore, failed to raise order book volumes.
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.
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