The European PTA (Purified Terephthalic Acid) market entered xxxx with a sense of cautious optimism, as prices remained stable in the first half of January amidst an uninterrupted supply chain distribution. Despite concerns about potential disruptions, the PTA supply chain remained robust, ensuring a steady flow of products which kept the prices intact during this timeframe.
The prices of PTA in the European market including Germany continued to remain unchanged during Hx of January followed by previous market sentiments to settle at USD xxx/MT, FD Hamburg. This stability was attributed to the reliable supply of feedstock as the consistent and reliable access to raw materials including Paraxylene further bolstered market stability. This predictability allowed producers to operate efficiently and avoid price fluctuations caused by feedstock scarcity. However, the presence of cheaper imports from foreign sources exerted downward pressure on prices throughout December. While this posed challenges for...
