Asian PTA producers under pressure as India laps up Chinese supply

Asian purified terephthalic acid producers are facing increased competition in the lucrative Indian market due to cheaper Chinese imports, according to trade sources. India’s demand for PTA remains robust, with the country’s growing buying interest increasingly attracting producers from China as well as regions such as Taiwan, Thailand, Indonesia and South Korea. Slower domestic demand in ChinaAsian purified terephthalic acid producers are facing increased competition in the lucrative Indian market due to cheaper Chinese imports, according to trade sources. India’s demand for PTA remains robust, with the country’s growing buying interest increasingly attracting producers from China as well as regions such as Taiwan, Thailand, Indonesia and South Korea. Slower domestic demand in ChinaRead More