Polyester Intermediate Market Prices in Asia

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1 December 2008 - Prices are apparently more stable in the Asian polyester pipeline although paraxylene sharply rebounded in the past week. Other markets ignored the wave of optimism on equity and commodity markets. Skepticism is still dominating the China's polyester industry over any sign of short-term rebound. Prices may even further decline in the near term in line with a possible fall in crude oil futures.

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