Assess the risks of tight supply and obtain insights on capacity and forecast demand for purified isophthalic acid (PIA) and metaxylene.
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Understand global PIA / Metaxylene production with robust scenario analysis
Global demand for purified isophthalic acid (PIA) for use in PET resin and other products is growing robustly. The addition of metaxylene production capacity – the key PIA feedstock – has recently picked up to provide for PIA capacity additions after several years of stable market dynamics for both commodities.
Wood Mackenzie’s proprietary data and industry-leading analysis on metaxylene and PIA markets benefit clients with a clear view of global supply/demand of this complex market. Our country-by-country trade data is designed to help to evaluate how current overcapacity will affect prices over the medium term.
Features at a glance
Metaxylene & PIA long-term Service
Optimise your commercial strategy with an integrated view of long-term market dynamics and strategic insights of global chemical markets.
The metaxylene and PIA market witnesses a series of changes in pricing, global trading, downstream demand and producers. Our prestige metexylene and PIA long-term service provides a better grasp of market movement and help to make investment decisions.
The metaxylene and PIA long-term service consists of:
Existing capacities and future projects in all regions and countries between 2005-2040.
Dynamics analysis on metaxylene and PIA supply and demand in more than 40 countries and key regions.
Annual price and spreads history from 2010 and 20-year outlook for the key regions.
Global summaries and industry highlights, including product trade analysis and discover how capacity additions may change future trade flows in a written report
Functional charting dashboard to enable easy generation of charts for analysis and client reports
Designed to help you:
Assess the risks and implications of new metaxylene supply and obtain insights on where and when new capacity will be built
Build a clear view of global supply/demand and country-by-country trade to evaluate how over-capacity or tight capacity will affect prices over the medium term
Understand PIA demand growth into the differentiated end-product segments
Test your perspective against analysis on floor price mechanisms for PIA and metaxylene
Weekly updated fundamentals: covering Global Gas and LNG markets, as well as the latest LNG shipping. We include the latest price movements, the key supply/demand/storage metrics for European gas markets and US gas markets. Track LNG loadings by liquefaction plant, and arrivals by regas terminals. See the latest LNG shipping and voyage route analysis. Download granular LNG Voyage and volume history.
The Ceria FeNi operation is planned to be constructed in phases, with Phase 1 establishing the operation of one 72 MVA electric furnace line, Phase 2 operation of the second 72 MVA electric furnace line and Phase 3 the operation of the remaining two 72 MVA electric furnace lines. Once all phases are completed FeNi production capacity will sit at 55.6 kt/a Ni (or 252.7kt FeNi containing 22% Ni), with the FeNi product to be transported as shot. The current timeframe indicates that the first production line (Phase 1) will be completed by PT PP (Persero) Tbk in July 2023 and the next line (Phase 2) will be completed by PT Wijaya Karya (Persero) Tbk around December 2023. In 2022 PT Ceria signed a credit agreement valued at US$277.7 million for the construction of Phase 1 of the RKEF smelter. The company expects commissioning to start in 2024 with commercial output to occur in the same year.