European paraxylene producers are eying the US market as an outlet to offload ample supplies amid weak demand from purified terephthalic acid and polyethylene terephthalate producers, as per Platts
One trader said market participants in the fiber chain "have adequate amounts" of acetic acid and paraxylene -- the key feedstocks for PTA, as the Asian market correction continues.
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Wednesday, May 30, 2012
Paraxylene sellers from Europe eye US as outlet to offload ample NWE supplies
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