What is the Average Cost of Terephthalic Acid? Average Terephthalic Acid Price

Terephthalic acid is a white crystalline powder being used as the precursor of polyester, used in the manufacture of bottles and clothing. It is produced by the oxidation of oxygen and p-xylene in air. It also can be obtained in the laboratory by the oxidation of some benzene derivates. It is used in the manufacture of PET all over the world, the demand exceeding thirty million tones in 2006. The average price of terephthalic acid is 48 cents/lb.