Purified Terephthalic Acid Prices, Trend, Supply and Demand & Forecast | ChemAnalyst

Purified Terephthalic Acid (PTA) Prices: During the Quarter Ending December 2023

North America

The Purified Terephthalic Acid (PTA) market in North America witnessed fluctuating sentiments throughout the fourth quarter of 2023, characterized by an initial bullish trend followed by a downturn in December.

Initially, the region faced a shortage of PTA supply, driving prices upward. This shortage was a result of limited inventory levels and reduced production rates at some manufacturers. Concurrently, demand from downstream industries like packaging and polyester remained moderate to high, bolstering overall market sentiment. Notably, the United States experienced significant changes in PTA prices, with surging prices attributed to inventory shortages and increased demand from plastic and polyester industries. Volatility in regional orders and challenges in meeting existing orders further constrained supplies, leading to price hikes.

However, December marked a downturn as demand for PTA stocks dwindled and year-end pressures to reduce inventories intensified. By the quarter's end, the price of PTA in the USA stood at USD 1370/MT.

Get Real Time Prices of Purified Terephthalic Acid (PTA): https://www.chemanalyst.com/Pricing-data/purified-terephthalic-acid-pta-18

APAC

In the APAC region, the PTA market trended bearishly throughout the fourth quarter of 2023. The market began with moderate to high supply levels, resulting in a surplus in Japan. This surplus stemmed from market participants accumulating inventories and adopting destocking strategies toward year-end. Moreover, low demand in Japan's downstream plastic and polyester industry led to decreased consumption and a halt in procurement sentiments among buyers, further contributing to the bearish market. Compared to the same quarter of the previous year, the current quarter saw a -7% pricing trend, with a -9% change from the previous quarter of 2023. Ultimately, these factors led to a downward price trend, with PTA FOB Tokyo in Japan priced at USD 588/MT by the quarter's end.

Europe

The Purified Terephthalic Acid (PTA) market in Europe experienced mixed dynamics during the fourth quarter (Q4) of 2023, with a bullish trend in October and November followed by a bearish trend in December. This initial positivity was reinforced by a posted price increment of PTA in October, prompting European market players to follow suit. Initially, certain manufacturers faced slightly tight supply due to factors hindering production commencement. In Turkey, PTA prices were high as manufacturers reduced operational rates to safeguard profit margins, enabling suppliers to bolster their margins. Limited supply due to reduced production rates and increased input costs drove up market prices. However, destocking sentiments among market players reversed price momentum in December 2023, settling at USD 1070/MT for PTA CFR Izmir (Turkey).

Get Real Time Prices of Purified Terephthalic Acid (PTA): https://www.chemanalyst.com/Pricing-data/purified-terephthalic-acid-pta-18

ABOUT US

Welcome to ChemAnalyst, the future of chemical and petrochemical market intelligence, where innovation meets insight. Awarded the prestigious titles of ‘The Product Innovator of the Year, 2023’ and recognized among the "Top 100 Digital Procurement Solutions Companies," we stand at the forefront of the digital transformation in the chemical industry. Our cutting-edge online platform revolutionizes the way companies approach the volatile chemical market, offering an unparalleled depth of market analysis, real-time pricing, and the latest industry news and deals from around the globe. Dive into the future with us, where tracking over 500 chemical prices across more than 40 countries is not just possible—it's effortless.

With ChemAnalyst, you gain a strategic advantage. Our expansive database covers over 500 chemical commodities, providing detailed insights into Production, Demand, Supply, Plant Operating Rates, Imports, Exports, and beyond. Our forecasts stretch up to a decade, offering not just historical data analysis but a glimpse into the future of the chemical markets. Supported by local field teams in over 40 countries, we ensure the data you receive is not only comprehensive but also meticulously verified, offering you reliability unmatched in the industry.

MISSION & VISION

Our mission is to redefine the landscape of market and pricing intelligence, becoming an indispensable beacon for Procurement & Strategy professionals worldwide. At ChemAnalyst, we envision a world where every decision in the chemical and petrochemical industry is informed, strategic, and forward-looking. We aim to empower our clients with the most accurate, up-to-date, and actionable intelligence, enabling them to navigate the complexities of the global market with confidence and precision. By continuously pushing the boundaries of technology and data analysis, we strive to be not just a provider but a partner in your journey towards unparalleled success in the chemical industry.

Join us in our journey to illuminate the path of the future, making ChemAnalyst not only the largest but also the most trusted source of chemical market intelligence globally. Together, let's shape the future of chemical procurement and strategy with innovation, insight, and integrity.Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: [email protected]

Website: https://www.chemanalyst.com