Procurement Resource provides latest prices of Terephthalic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Get the latest insights on price movement and trend analysis of Terephthalic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
The economic and political downturn which unfolded in the aftermath of the Russia-Ukraine war exposed the market’s vulnerability. With the European embargo on Russian oil and western sanctions against Russian exports, crude oil prices surged which negatively impacted the petrochemical industry. The main feedstock for terephthalic acid(TPA) being p-xylene, the prices of TPA surged globally.
The strong downstream demand for polyester and polyethene terephthalate further supported the high prices for TPA. The prices of feedstock p-xylene averaged 1575 USD/MT in Europe while the USA averaged 1458 USD/MT. The prices of terephthalic acid averaged 6400-6500 RMB/MT in the Chinese domestic market during the said period. Hence, the strong downstream support amid raised feedstock quotation caused the price trends for terephthalic acid to surge globally.
Terephthalic Acid (TPA) is the most important aromatic chemical in the petrochemical industry. It is benzenedicarboxylic acid carrying carboxy groups and 1 and 4 positions of the carbon ring. TPA is used in the production of polyester PET (Polyethylene Terephthalate). PET owing to its highly versatile properties, is widely used in packaging industries; hence several million tons of TPA are produced annually to keep up with the demand.
|Product Name||Terephthalic Acid|
|Industrial Uses||Polyester Films/Fibres, Plasticizers, Pharmaceuticals, Paints|
|Synonyms||Benzene-1,4-dicarboxylic acid, para-Phthalic acid, TPA|
|Molecular Weight||164.11 g/mol|
|Supplier Database||BP, China Petrochemical (Sinopec Group), Mitsubishi Chemical Holdings, Reliance Industries, Eastman|
|Region/Countries Covered||Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Purified Terephthalic Acid (PTA) is produced via the catalytic oxidation of p-Xylene. This process involves using a cobalt-manganese-bromide catalyst, which serves as the source of free radicals, acetic acid as solvent and compressed air as the oxidant. This reaction mixture is fed to a reactor where the p-xylene is converted to p-toluic acid which on further oxidation gives the desired terephthalic acid.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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