Polytrimethylene Terephthalate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Polytrimethylene Terephthalate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polytrimethylene Terephthalate Price Trend for the Second Half of 2023

Polytrimethylene Terephthalate is influenced by the demand for eco-friendly and sustainable materials, as PTT is biodegradable and recyclable, aligning with increasing environmental awareness. The technological advancements in PTT production processes also play a significant role, enhancing efficiency and reducing costs, thereby driving market growth.

Polytrimethylene Terephthalate Price Chart

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Throughout the second half of 2023, the polytrimethylene terephthalate industry in Asia experienced robust demand, particularly from the automobile and polymer sectors, leading to an overall increase in prices. While both Indian and Chinese markets saw growth, India exhibited a more pronounced upward trend, with prices soaring by over a double-digit percentage margin from July to December. In contrast, the Chinese market witnessed more modest growth, with prices rising by about a single-digit percentage during the same period.

In Europe, polytrimethylene terephthalate prices closely mirrored the behavior of its feedstock, ethylene glycol. Prices surged in the third quarter due to high demand and increased upstream costs but declined sharply in the fourth quarter amid reduced demand and production costs. Similarly, in North America, polytrimethylene terephthalate prices fluctuated, following a pattern similar to the European market. After a rise in the third quarter, prices steadily fell in the fourth quarter, influenced by fluctuations in crude oil prices and freight issues towards the end of the year.

Analyst Insight

According to Procurement Resource, the price of Polytrimethylene Terephthalate is expected to follow a southward trajectory as the projected outlook of the downstream industries and ethylene glycol is likely to play an antagonistic pattern to the polytrimethylene terephthalate market.

Polytrimethylene Terephthalate Price Trend for the First Half of 2023

Polytrimethylene Terephthalate is a popular polyester with high abrasion resistance, usually used for manufacturing tensile long-lasting, and flexible fibers. Polytrimethylene Terephthalate prices fluctuated throughout the first half of 2023.

In the Asian market, Polytrimethylene Terephthalate performed well as the trade activities around it increased as the market started reviving after a long break because of the Covid-19 pandemic. Inventories had been exhausted, and production was halted for a long time, so the demand rebounded in the market as the trade exchanges resumed. Hence, the price trend for Polytrimethylene Terephthalate observed an inclined trajectory for most of the said period.

On the other hand, the resumption of manufacturing activities in China had a reverse effect on market behavior. Since the trade routes were restored and Asian supplies were again made available, the European market started normalizing, and Polytrimethylene Terephthalate prices dwelled lowly for the period concerned. Similarly, the American market regained access to Asian imports, which, coupled with the declining demands from consuming markets, pushed the prices down, and the market exhibited low swinging trend.

Analyst insight

According to Procurement Resource, the price trend for the Polytrimethylene Terephthalate market are expected to remain fluctuating in the coming quarter, given the oversupplied inventories and sluggish market activities.

Procurement Resource provides latest prices of Polytrimethylene Terephthalate. 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.