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.
Updated to Q4 2018
PKN Orlen’s 600,000 tonne/year purified terephthalic acid (PTA) plant in Wloclawek, Poland, was unexpectedly kept down after maintenance that started in September. Force majeure was declared, then lifted mid-November. Indorama Ventures’ PTA production in Rotterdam, The Netherlands, ran at reduced rates in November/December, due to a force majeure on downstream polyethylene terephthalate (PET), which was declared at the same site on 28 November. Indorama Ventures’ facility in Sines, Portugal, shut down for maintenance in October.
Demand for PTA in quarter four traditionally drops compared to the third quarter, as it marks the end of the high season for downstream PET bottlers. There were also PET imports that arrived throughout the quarter that affected requirements for local product. The mood was downbeat at a time of macroeconomic turmoil, and with so many PET imports expected in Q1 2019, demand was subdued by the end of the year.
US purified terephthalic acid (PTA) supply during the fourth quarter of 2018 was sufficient on the back of steady supply of feedstock paraxylene. Prices started to soften, as buying interest from downstream segments declined due to large import volumes of competitively priced offshore polyethylene terephthalate.
US PTA demand in the fourth quarter of 2018 was stable to soft on seasonality as the main consumer of PTA is the polyethylene terephthalate (PET) sector, which slows with the start of cooler weather conditions. Declining PET resin demand in December, further dampened PTA demand levels.
We offer the following regional Terephthalic acid coverage to keep you informed of factors and developments affecting prices in the Europe 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.
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.
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