Polyester Market Ignoring Global Rebound (Mid-Week Update)

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27 November 2008 - Polyester prices are not rebounding in line with other global markets. Although crude oil, paraxylene and PTA are clearly on the rise in Asia, polyester producers remained extremely prudent so far. The level in demand from China's textile industry is not expected to rebound. Cotton yarn prices are further falling in China, in addition, although cotton prices are now bottoming out.

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