Asia
In Q4’25, the prices of Terephthalic Acid in the Asian market were stable, with mild upward pressure in some markets. Supply from Chinese producers was robust, which help maintain the supply of Terephthalic Acid in the market despite moderate demand from the downstream industry. However, over-supply in the market and intense competition from domestic producers put upward pressure on the prices, particularly in bulk volumes. South Korean and other Asian producers were pushing the volumes to the international market, including Europe, which impacted the prices in the Asian market. Though the demand from the textile and plastic industry was steady, the end-users were cautious in placing the orders and did not allow the prices to move up.
Europe
In the European market, the prices of TA were somewhat volatile in Q4’25, owing to anti-dumping issues. Imports from South Korea and Mexico were on the higher side in the previous months, which led to a problem. European players were already experiencing issues related to plant closures, which resulted in lower capacity utilization. Imports were a problem in the European market as the prices were lower. The European Union was careful about the anti-dumping duties that were imposed on the importers. Prices were somewhat volatile in the European market, though they were strong.
North America
TA prices in North America remained stable during the quarter. There was adequate supply, although the industry had to contend with the effects of imports from Asia. Demand from the PET, polyester, and packaging industry was moderate, with buyers focusing on short-term purchases as opposed to large speculative buys. Prices remained stable, with the market experiencing slight upward movements as a result of supply chain adjustments.