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After several weeks of sideways movement, Purified Terephthalic Acid (PTA) prices in the USA rallied sharply in early March ****, with weekly assessments showing a rise of about *.**, reaching USD *,***/MT for the week ending * March, up from late-February levels around USD *,***/MT. The sharp gain is largely driven by geopolitical tensions in the Middle East, which have significantly disrupted global crude oil flows, the primary feedstock for paraxylene and downstream PTA production. Reports indicate that missile strikes, heightened regional hostilities, and intermittent port closures have led to delays in crude shipments, forcing refiners and PTA producers to contend with supply bottlenecks and constrained feedstock availability.
After the US airstrikes on Iran over the weekend of February **, ****, PTA prices surged sharply, reflecting both supply-side cost pressures and logistical disruptions. WTI crude oil prices gained immediately following the attack, and the...
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