Polyester Intermediate Market Prices in Asia (Weekly Report)

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10 November 2008 - Polyester intermediate prices started declining over the weekend in Asia, after more or less rebounding in the last week. A new rise in oil prices on Monday morning may however offer some support to PTA and MEG prices which are now clearly following the level in crude futures in New York. On the other hand, last week's attempt to raise prices may result in a long-term failure with prices further falling in the coming period. Volatility was extreme in the past twelve months, as reflected by our series of graphs.

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