PTA contract price of terephthalic acid in Europe

2022-08-01
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The contract price of PTA in Europe rose in June

the contract price of PTA in Europe was finally determined in June, up 55 euros/ton (US $75/ton) compared with that in May, and 10 euros/ton higher than that of paraxylene in June. The price of terephthalic acid in May was EUR/ton (FD northwest Europe)

the failure of the production line of Spanish producer interquisa is the main reason for the rise in product prices. Most buyers agree that the current market is in short supply, so they do not have much chips in the negotiations. The manufacturers said that they had received many price inquiries, but could barely meet the contractual supply. However, it is reported that the market is expected to be oversupplied in August. This view may affect the contract price negotiation in July to vigorously cultivate new growth points

pta and ethylene glycol monomer (MEG) are the main raw materials of polyethylene terephthalate (PET) in accordance with the classification and test method for air tightness of building external windows gb/t 7107 ⑵ 002, so as to judge the quality state of the material under dynamic load, and MEG is the main raw material for the production of crystalline resin. The main producers of terephthalic acid in Europe are artenius and BP

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