The German PTA market, a key player in the European chemical industry, has witnessed a significant downturn in prices during April xxxx. This decline was attributed to lackluster demand stemming from a downstream sector including PET bottles that utilize PTA for various applications. In the meantime, not only the low enthusiasm from the consumer end but also the low production costs for PTA have altogether declined with the trend.
The Purified Terephthalic Acid prices have deteriorated by x.xx to settle at USD xxx/MT, FD Hamburg, Germany throughout April xxxx amidst the muted demand from end-use industries, including beverage bottling. Consumer enthusiasm for these products has waned, likely due to earlier shipment delays. This has resulted in a backlog of unsold inventory, causing bottlers to hold off on additional PTA purchases. While there was a glimmer of hope in early March when downstream PET producers like Alpek...
