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
A tightly-supplied market should gradually start to ease going forward, as there are limited upcoming scheduled maintenance. In addition, majority of previously scheduled maintenance are likely to be completed by the end of January. PTA production margins in Asia are healthy, thus existing units should be operating at close to full rates.
Demand in the key China markets is expected to remain stable to soft in the near term, as operating rates of downstream polyester facilities are likely to be adjusted down. During the Chinese Lunar New Year holiday, downstream polyester facilities in China typically reduce their operating rates by around 10-15 percentage points. Pre-stock purchasing activity are likely to be curbed on the back of an uncertain global macroeconomic outlook, especially amid the on-going US-China trade talks.
Supply of PTA is likely to be in line with requirements of PET going into the first quarter. It is usually the second quarter when the market heats up in terms of buying forward in time for the peak bottling season.
The major PTA application sector PET will be recovering from a force majeure declaration at Indorama Ventures’ unit in Rotterdam, The Netherlands. Buyers say they have committed additional import volumes of PET for arrival in the first quarter, and this may result in less requirement of domestic PTA.
US PTA supply in the first quarter of 2019 is expected to start out steady, as buying interest from downstream PET resin continues to be slow on seasonality. Abundant supply from Asia PET suppliers continues to enter the US market. Supply may become somewhat tight towards the second half of the quarter as more favourable weather conditions develop and demand from bottled beverage and carbonated drinks increases.
US PTA demand in the first quarter of 2019 is likely to be weak, with improved levels towards the second half of the quarter as downstream PET producers start to increase inventory levels in anticipation of higher demand for food packaging and carbonated drinks during the summer.
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.
LONDON (ICIS)--Polyethylene terephthalate (PET) markets in both Europe and Asia are showing upward pressure on production costs in what should be the...Read
LONDON (ICIS)--Production costs for purified terephthalic acid (PTA) and dimethyl terephthalate (DMT) are under pressure to increase if the dominant...Read