# Paraxylene and PET resin

Their prices have moved together.

Source page: https://www.materialinsights.org/links/paraxylene-and-pet-resin/

[Paraxylene](https://www.materialinsights.org/chemicals/paraxylene/) (chemical) and [PET resin](https://www.materialinsights.org/chemicals/pet/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: upstream feed

*Cost and price · Strong · Both ways*

Paraxylene is the raw material behind PTA and so the largest cost behind PET. The petrochemical proxy moves with the resin proxy at 0.71 monthly and 0.89 yearly, which mostly reflects the broad resin index.

- **0.71** monthly change correlation
- **0.89** 12-month change correlation
- **0.17** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.