Polyester Prices Finally Retreating In China

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11 November 2008 - The price offensive last week launched by China's polyester industry finally failed, as spun yarn producers were unable raising their prices at the same time. After surging, filament prices are also declining with no sign that demand could rebound in the short term or raw material costs could really bottom out. A new decline in crude oil prices below US$60 per barrel would put more pressure on the polyester market.

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