Polyester Intermediate Market Prices in Asia (Weekly Report)

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3 November 2008 - Polyester intermediate prices further plunged in the last seven days in Asia, reflecting a lack of demand and falling raw material costs. A rebound in crude oil futures in New York however resulted in some pause in the decline of PTA and MEG prices by the end of last week. Major suppliers were forced announcing downward revisions for November contract prices. Spot market prices already decreased to much lower levels, however.

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