Polyester Prices Reaching Historical Lows

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18 November 2008 - Polyester prices further collapsed in the last seven days in China with average PSF price for 1.4D down below the symbolic and very low level of 7,000 yuan per metric ton. Demand for staple fibers continues slowing down in line with a reduction in spun yarn consumption. Filament prices are also in free fall as a clear sign that clothing production is not improving. With raw material costs having sharply decreased in the year-to-date, polyester prices may further fall in the near term.

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