Vietnam Terephthalic Acid Import Report 2024, Featuring Golden Steed Global Investments, Oriental Petrochemical, Formosa Chemicals & Fibre, Billion Industrial, Far Eastern Polytex & Formos...
MITSUBISHI CH GRP U/ADR (MTLHY)
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Source: Yahoo! Finance
Terephthalic Acid (PTA) is a crucial organic chemical raw material, appearing as a white solid. It is primarily used in producing Polyethylene Terephthalate (PET) plastics and polyester fibers. PET is a widely used polymer in various sectors, including textiles, packaging materials, food and beverage containers, and engineering plastics. The main types of terephthalic acid include purified terephthalic acid (PTA) and dimethyl terephthalate (DMT). Among these, PTA dominates the market due to its direct application in PET production. PTA has strong chemical stability and high reactivity, enabling the formation of high-strength, chemically resistant, and transparent polyester materials, making it an ideal raw material for high-performance polyesters. In the industry value chain, the upstream sector for terephthalic acid mainly involves the petrochemical industry, especially the production of paraxylene, typically conducted by refineries and petrochemical companies. The downstream se
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