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PTA & PX soar to two-year high levels
22
Oct '10
Prices of pure terephthalic acid (PTA) and paraxylene (PX) have soared to two-year high levels. This price rise is attributable to rise in the prices of cotton which has impelled the consumers to switch to use of Polyester Staple Fibre (PSF) which is produced from PTA.

Thus, riding on the back of growing demand, PTA prices are likely to persist at higher levels, which is very much in favour of domestic as well as international PTA producers.

But then quite opposed to this, a sharp fall in oil prices would lead to a fall in the prices of PX, and would thus allow the sector to gain from higher PTA prices.

Driven by the soaring oil prices; PX, a primary input used for manufacturing PTA, is now being traded at around two-year high levels.

Fibre2fashion News Desk - India

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