purified terephthalic acid Pricing Assessment

Markets Covered:

China

United Arab Emirates

India

Belgium

Netherlands

Germany

Korea

Bangladesh

Turkey

Purified Terephthalic Acid Price Trend, Analysis and Forecast

In Q1 2024, the global Purified Terephthalic Acid (PTA) 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.

In Q2 2024, the global PTA 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 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.

By Q3 2024, the global PTA market showed mixed trends, with prices around 753 USD/MT FOB Shanghai. The APAC region experienced a bearish price trend as demand from key sectors, including PET, Polyester films, textiles, and packaging, remained sluggish. A slow recovery in the Chinese economy led to reduced consumer spending and fewer PTA orders. In contrast, the European market exhibited a bullish trend, driven by supply constraints for Paraxylene (PX), a key feedstock. Improved economic conditions in Europe also spurred a resurgence in demand from the textile and packaging industries.

In Q4 2024, Purified Terephthalic Acid (PTA) prices are expected to rise due to recovering demand from textiles and packaging, alongside ongoing supply constraints for Paraxylene (PX). While new capacity additions in Asia may help, rising production costs from inflation and energy prices could further drive prices up. Geopolitical factors may also introduce fluctuations in the market.

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is your trusted resource for tracking global purified terephthalic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the purified terephthalic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's purified terephthalic acid price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in purified terephthalic acid prices

Russia-Ukraine Conflict (2022-Present): The conflict disrupted energy supplies, especially natural gas and oil, which are crucial for the petrochemical industry. Europe, a major consumer of Russian energy, faced significant supply issues. The conflict impacted the availability and cost of energy and raw materials like Paraxylene and Acetic acid which is derived from petrochemical processes. This led to increased production costs and supply disruptions in European PTA markets.

COVID-19 Pandemic (2020-2022): The pandemic led to significant disruptions in global supply chains, causing widespread manufacturing shutdowns and labour shortages. Transportation logistics were severely affected, which resulted in production halts in the PTA industry. This disruption, combined with reduced demand from key sectors like PET, Polyester films, textile and packaging, contributed to fluctuations in PTA prices during this period.

U.S.-China Trade War (2018-2019): Tariffs on chemicals and textiles, including PTA disrupted global trade flows, leading to price volatility due to supply chain uncertainties, especially between the U.S. and China.

Methodology and Specifications

purified terephthalic acid Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major PTA production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire PTA supply chain, from raw material availability (e.g., Paraxylene and Acetic acid) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact PTA prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on PTA production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g. Paraxylene and Acetic acid), to predict shifts in PTA demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global PTA production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming PTA production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors including manufacture of PET, Polyester films, textile and packaging. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global PTA pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast PTA prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable PTA pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

166.13 g/mol Lit.

CAS No

100-21-0

HS Code

29173600

Molecular Formula

C8H6O4

purified terephthalic acid

Purified Terephthalic Acid (PTA) is a white crystalline powder used primarily as a raw material for Polyethylene Terephthalate (PET) and polyester fibres. Produced from paraxylene, PTA is essential in textiles, packaging, and automotive industries. Recent advancements include bio-based PTA alternatives, promoting sustainability and reducing environmental impact in manufacturing processes.

Packaging Type

1100 Kg Bag

Grades Covered

Purified terephthalic acid purity 99.9%

Incoterms Used

FOB Shanghai, CIF Jebel Ali (China), CIF Nhava Sheva (China), CIF Izmir (China) Ex-Mumbai, FD Antwerp, FD Rotterdam, FD Rotterdam, FOB Busan, CIF Chittagong (China), CIF Izmir (South Korea), CIF Salalah (China)

Synonym

Terephthalic Acid, p-Phthalic Acid, 1,4-Benzenedicarboxylic Acid, p-Dicarboxybenzene, p-Benzenedicarboxylic Acid

Quotation Terms:

25-28 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Appearance	White free flowing crystalline powder
Water content	0.15-0.2 wt%
Acid number	675 ± 2 mg KOH/gm
Ash content	6-8 wt ppm
Total Heavy Metal Content	<3 wt ppm
Iron (Fe) Content	<1mg/kg

Applications

Purified Terephthalic Acid (PTA) is a vital raw material with diverse applications. It is primarily used in the production of polyester fibres for textiles, which constitutes about 65% of its consumption. PTA is also crucial for manufacturing PET resin, especially for packaging applications like plastic bottles (27% usage). Additionally, it is utilized in polyester films, automotive components, and home furnishings, as well as in various resins and copolymers. This versatility makes PTA essential across multiple industries, driving significant demand.

Disclaimer

Purified Terephthalic Acid price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for purified terephthalic acid. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What are the primary factors affecting the pricing of Purified Terephthalic Acid (PTA)? +

The pricing of PTA is influenced by several key factors, including fluctuations in raw material costs (especially Paraxylene and Ethylene), production capacity and operational rates, global supply-demand dynamics, and geopolitical events. Additionally, market conditions in downstream sectors, such as textiles and packaging, significantly impact PTA pricing trends.

How does the demand from the textile industry impact PTA prices? +

The textile industry is a major consumer of PTA, accounting for a significant portion of its demand for polyester production. When the textile sector experiences growth, it drives up the demand for PTA, which can lead to increased prices. Conversely, a slowdown in the textile market can result in reduced PTA demand and lower prices. Monitoring trends in textile production is crucial for anticipating PTA price movements.

What role does global supply chain stability play in PTA pricing? +

Global supply chain stability is crucial for PTA pricing as disruptions can lead to shortages or excess inventory in the market. Events such as natural disasters, geopolitical tensions, or trade restrictions can impact the availability of raw materials and transportation logistics. Procurement heads should assess supply chain risks and develop contingency plans to mitigate potential price volatility in PTA.