Polyester Intermediate Market Prices in Asia

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24 November 2008 - Polyester intermediate prices stabilized in the last seven days with PTA even slightly rising in Asia for the first time in weeks. Crude oil and paraxylene prices significantly fell in the past week, however. A drastic decrease in PTA and MEG output may explain the price stabilization, although producers may find it difficult to resist another round of declines in their raw material costs.

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