Free Purified Terephthalic Acid Prices New York
- Location: New York, New York, USA
Purified Terephthalic Acid Price (PTA) supplies in the North American region, improved comparatively over previous quarter as the industrial infrastructure restored in the US Gulf coast, and major manufacturing sites were operating at optimum efficiencies. Despite that, the regional supplies remained tight during the second quarter of 2021 due to affected imports. The Mexican PTA trade slumped during the second quarter owing to the strengthened replenishment of inventories ahead of the upcoming hurricane season in the North America. Demand was bolstered from the downstream polyester industries as the offtakes witnessed a seasonal peak with the rise in textile manufacturing. As a ripple effect, PTA pricing took an uptrend with FOB Texas discussions settling at USD 1250 per tonne, showing an increment of 17.92% in the month of June itself.
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