Purified Terephthalic Acid Price Trend Analysis: Q4 2024
In Q4 2024, PTA 99.9% purity prices in China continued their downward trajectory, declining by 8.58% to approximately 647 USD/MT FOB Shanghai. The ongoing weakness in feedstock PX prices and lackluster downstream performance across polyester yarns and fibers played a key role in the decline.
Furthermore, the year-end inventory management cycle and seasonal slowdown in textile manufacturing contributed to reduced purchasing activity. Despite some support from stabilized energy markets, subdued export orders and high stockpiles kept prices from rebounding.
Purified Terephthalic Acid Price Trend Analysis: Q3 2024
In Q3 2024, the Purified Terephthalic Acid (PTA) 99.9% purity market in China faced significant downward pressure, with prices falling sharply to around 708 USD/MT FOB Shanghai, marking a 10.21% decline from the previous quarter. This drop was primarily attributed to plummeting crude oil values, which affected the cost structure of PTA feedstocks such as Paraxylene (PX).
Additionally, sluggish polyester demand, especially from the textile and packaging sectors, further impacted PTA offtake. The market was also burdened by oversupply from domestic producers, as new capacities came online amidst already tepid demand.
Purified Terephthalic Acid Price Trend Analysis: Q2 2024
In Q2 2024, the global PTA 99.9% purity market exhibited mixed trends, with China and India experiencing a bearish price movement, while South Korea and Europe saw a bullish trend. The downturn in China and India was attributed to lower feedstock costs, weak demand from sectors such as PET, polyester films, textiles, and packaging, coupled with ample supply.
High financing costs and decreased consumer spending are further depressed demand. Conversely, in Europe and South Korea, rising demand from downstream industries, particularly textiles and packaging, alongside increasing energy costs, labor expenses, and raw material prices, prompted producers to raise PTA prices to sustain profitability.
Purified Terephthalic Acid Price Trend Analysis: Q1 2024
In Q1 2024, the global Purified Terephthalic Acid (PTA) 99.9% purity market displayed mixed trends, influenced by rising prices of Paraxylene and Acetic acid, alongside strong demand from sectors like PET, polyester films, textiles, and packaging. However, prices fell in China, Belgium, and Germany due to ample supply in China, where new production capacity and high operating rates led to increased inventories and weakened demand.
The European PTA market faced weak demand from downstream industries, particularly the Polyethylene terephthalate (PET) and polyester sectors. This led to lower operating rates and reduced consumption of PTA. In contrast, South Korea and India saw price increases, fueled by heightened consumer demand during the Lunar New Year festivities.