Purified Terephthalic Acid Price In USA
- United States: 1365 USD/MT
The price trend in the USA was 1365 USD/MT. In Q4 2023, the North American purified terephthalic acid (PTA) market experienced initial price surges due to supply shortages and robust demand from the packaging and polyester sectors.
The latest report by IMARC, titled " Purified Terephthalic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data " delivers a comprehensive analysis of Purified Terephthalic Acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Purified Terephthalic Acid Prices December 2023:
- United States: 1365 USD/MT
- Japan: 583 USD/MT
- Turkey: 1065 USD/MT
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The study delves into the factors affecting Purified Terephthalic Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Purified Terephthalic Acid Price Trend- Q4 2023
The purified terephthalic acid market is primarily driven by its indispensable role in the polyester industry, where it serves as a fundamental raw material for producing polyester fibers, films, and resins. These polyester products are in high demand across various sectors, including textiles, packaging, and bottling industries due to their versatility, durability, and cost-effectiveness. The growing textile industry, particularly in emerging economies, fuels the demand for PTA as countries expand their apparel and home furnishing sectors. Additionally, the surge in demand for packaged foods and beverages has led to increased use of PET bottles and food containers, pushing the demand for PTA further. Environmental considerations also play a role, as recycling initiatives for PET products continue to rise, leading to new investments in PTA recycling processes, which supports market growth. Furthermore, advancements in technology have enabled the development of new applications for PTA in the automotive and electronics industries, broadening its market reach and enhancing its consumption globally
Purified Terephthalic Acid Market Analysis
During the fourth quarter of 2023, the purified terephthalic acid market in North America showed mixed sentiments, initially experiencing a bullish trend due to supply shortages and strong demand from the packaging and polyester industries, which drove prices up. However, by December, a downtrend occurred as demand decreased and year-end inventory pressures emerged, with the price in the USA stabilizing at USD 1370/MT.
In contrast, the APAC region, particularly Japan, faced a bearish trend throughout the quarter due to a surplus supply and low consumption, leading to significant price drops, ending at USD 588/MT. Meanwhile, in Europe, the market initially saw a price increase due to limited supply and high input costs but reversed to a bearish trend by December, with prices settling at USD 1070/MT in Turkey.
In conclusion, the prices for purified terephthalic acid during Q4 2023 were significantly influenced by supply and demand dynamics. Fluctuations in the cost of paraxylene, a key raw material derived from volatile oil prices, and global supply chain disruptions due to geopolitical tensions and unexpected events led to reduced production and supply shortages. On the demand side, robust growth in the textile and packaging industries in Asia, particularly in China and India, was occasionally offset by global economic uncertainties, leading to cautious purchasing and inventory adjustments by manufacturers.
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Key Points Covered in the Purified Terephthalic Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Purified Terephthalic Acid Prices
- Purified Terephthalic Acid Price Trend
- Purified Terephthalic Acid Demand Supply
- Purified Terephthalic Acid Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Purified Terephthalic Acid Price Analysis
- Purified Terephthalic Acid Industry Drivers, Restraints, and Opportunities
- Purified Terephthalic Acid News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru
- Middle East Africa : Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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