Wednesday, October 28, 2009

Weakness persists in Asian PTA markets as feedstock paraxylene comes to standstill

Despite almost four dollar increase in crude prices, weakness persisted in Asian purified terepthalic acid (PTA) market as feedstock paraxylene (PX) markets stagnated last week. PTA values were also llargely stable at US$830-840/ton CFR CMP last week.

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