Polyester Prices Stabilized in Asia

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20 November 2008 - Polyester prices stayed unchanged in the last three days in Asia, reflecting a stabilization in PTA and MEG prices. The drastic fall in Asian production may offer some support to prices. A new decline in crude oil and paraxylene prices since the start of the week could further depress the polyester market, however. Reflecting new trade tensions, Argentina launched two anti-dumping investigations on imports of polyester staple fibers and filament yarns from Asia.

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