ICIS offers in-depth and insightful coverage for the fast-growing terephthalic industry.
Updated to Q3 2018
Supply was restricted during the quarter, on several shutdowns seen in the key China markets. An estimate of around 723,000 tonnes of purified terephthalic acid (PTA) production was lost within China due to PTA facilities shutdowns. As a result, inventories were drawing with a steady-to-firm downstream demand. This had kept structure at a backwardation, making it uneconomical for inventory storage.
Downstream polyester demand saw an improvement within the quarter as a result of a feedstock costs push. Inventories of PTA at end users were at low levels, prompting healthy demand for PTA. Furthermore, production margins for polyester were positive during the first half of the quarter, prompting healthy demand for PTA. Demand for imports into China also improved, with the arbitrage window being opened due to higher prices seen in the domestic markets.
Updated to Q3 2016
In July, Chinese purified terephthalic acid (PTA) prices were weighed down by dipping upstream energy values in the crude and feedstock paraxylene (PX) chain. Prices were assessed as lower in August, tracking falls in upstream energy values, as well as bearish demand in the stock market. Buying sentiment was subdued, as downstream end-users began the shutdowns of polyester units because of the G20 conference. In September, PTA prices were overall assessed as lower, on bearish demand for spot cargoes as end-users postponed buying activities due to the upcoming week-long National Day celebrations in China.
We offer the following regional Terephthalic acid coverage to keep you informed of factors and developments affecting prices in the Asia Terephthalic acid marketplace.
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News & market analysis specifically relating to Terephthalic acid
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Purified terephthalic acid (PTA) is primarily used in polyester production with polyester fibre consuming a large proportion of global output.
The ICIS Asia Purified Terephthalic Acid (PTA) pricing report publishes daily and weekly price assessments, market news and analyses for the Asia PTA market. Whether you are a buyer, trader or seller, our pricing information gives you access to time-sensitive deals, offers/bids and price movements. Historical pricing data is also available.
The report also covers information on downstream polyester industry and an evaluation of the impact of PTA futures are also included, along with a detailed analysis of spot trading activities taken place in China – the most influential PTA market in the region.
ICIS’ online database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for terephthalic acid around the globe. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country specific perspective.
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.