Abstract
If the top synthetic fibers, polyester and nylon, seem finally to be past eight years in the woods and far from the business sun, wouldn't the main organic chemicals going into fibers—dimethyl terephthalate (DMT)/purified terephthalic acid (PTA), ethylene oxide, and cyclohexane—also have better days ahead? A logical answer might be yes. But considering the realities of 1981, the better answer is more like not necessarily. One of the ironies of the new business cycle, following the recession in 1980, is that these two closely tied product groups face considerably different fortunes in 1981 and probably beyond. This time around, the intermediates have much farther to go to reach good business health than do the fibers. Two of the best barometers of the business climate, production and plant capacity use, offer pointed evidence of the disparity this year between intermediates and fibers. In production, polyester and nylon already are fully recovered from last ...
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