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.
Updated to Q1 2019
Supply of purified terephthalic acid (PTA) in the non-China markets were balanced to long amid weak export demand, and the higher operating rates at PTA facilities. On the other hand, PTA supply within the key China markets saw a production loss of around 851,000 tonnes in the quarter.
The first quarter of the year tends to be the traditional low manufacturing season, especially with the Chinese Lunar New Year holiday, resulting in lower operating rates at downstream polyester facilities. The average Chinese operating rates of polyester facilities in the quarter stood at 80.8%.
A force majeure on downstream polyethylene terephthalate (PET) at Indorama Ventures’ facility in Rotterdam, the Netherlands, meant output of purified terephthalic acid (PTA) was reduced from November to February. This followed a scheduled outage on PTA at Indorama’s Portugal plant in October. There was a planned shutdown at Plastiverd’s Spanish PET facility in Prat de Llobregat in quarter one, which is usually a quiet period for demand.
As the minimal impact from recent, unexpected cuts in supply along the chain shows, demand for PTA into PET has not been as expected for some, although contractual requirements meant that others were sold out for March.
US purified terephthalic acid (PTA) supply during the first quarter of 2019 was adequate on the back of steady supply of feedstock paraxylene. Prices increased due to rising raw material costs and a stronger adder in its price formula.
US PTA demand in the first quarter of 2019 was moderate, but stable as demand from downstream sectors, mainly polyethylene terephthalate (PET), remained stable. Higher PTA prices did not appear to affect steady demand.
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.
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Purified terephthalic acid (PTA) is primarily used in polyester production with polyester fibre consuming a large proportion of global output.
Purified terephthalic acid (PTA) occurs as a white, crystalline powder with a slightly acidic odour. PTA is a low-risk hazard to health but prolonged exposure should be avoided.
In addition, PTA dust can be explosive, and it reacts strongly with oxidants. The substance can irritate the eyes and skin.
Nearly all PTA is consumed in polyester production including polyester fibre, polyethylene terephthalate (PET) bottle resin and polyester film.
Modern technologies produce purified terephthalic acid by the catalytic liquid phase oxidation of paraxylene (PX) in acetic acid, in the presence of air. The process uses manganese or cobalt acetate as a catalyst.