22 February 2012 18:31 [Source: ICIS news]
This represents an increase of 4.69 cents/lb from 61.50 cents/lb ?xml:namespace>
The PTA price is formula-linked to the monthly contract price for upstream paraxylene (PX), with the PTA increase for February representing 67% of the 7 cents/lb increase in the February PX price.
The US February PX contract settled at 79 cents/lb DEL USG, up from 72 cents/lb DEL USG in January.
PTA is the principal feedstock for polyethylene terephthalate (PET), which is used to make plastic bottles and polyester fibre.
BP Chemicals and DAK Americas are the only PTA producers in the
($1 = €0.75)
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