The petrochemical industry is once again buzzing with activity, since the last few weeks. Demand for the major feedstock of synthetic fibres like Benzene, Ethylene, PTA and Propylene is showing a momentum, which is also leading to an increase in the prices of these products.
This has emboldened the petrochemical manufacturers to restart and run their units at full capacity, which was not the case, till just a few months ago; when many major plants were either cutting back production or fully putting a stop to their operations.
The news team of Fibre2fashion spoke to an official source of Indorama Polymers, Thailand to know their plans of restarting stalled capacities. The official source said that, “Paraxylene (PX), the feedstock material for Purified Terephthalic Acid (PTA) is in short supply”.
Due to which, prices of PX have increased significantly and touched US $950 per ton from a low of $600 per ton. Explaining the reasons for the shortage, he said production cutback measures were necessitated by the plants, earlier, due to weak market sentiment.
Indorama Polymers runs a 640,000 MT per annum PTA plant in Thailand and is currently operating at 90 percent of operating capacity, but hopes to ramp up production as soon as the market and supply of its feedstock PX, stabilizes.
Fibre2fashion News Desk - India
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