Polyester fibers recover worldwide
Chemical & Engineering News · 1976
Recovery in the polyester fiber business is spreading worldwide. With this resurgence, a concurrent upswing has gotten under way in intermediates for polyesters and in basic ρ-xylene. Gains in polyester fiber demand will run about 20% in 1976, with smaller gains to come in 1977 and 1978. These are some of the conclusions in a new study on the worldwide supply and demand outlook for ρ-xylene and its derivatives completed by Hyplan A.G. De Witt & Co., of Houston, and Parpinelli TECNON, of Milan, Italy, jointly own Hyplan, whose registered office is in Liechtenstein. Among other conclusions from the survey is an increase in prices of ρ-xylene, dimethyl terephthalate (DMT), terephthalic acid (TPA), and polyester, even though worldwide capacity will meet demands easily. In the U.S., ρ-xylene prices will increase from the current 16 cents a lb during the year. However, the current European equivalent price at about 19 cents a lb may weaken slightly. ...