Polyester Intermediate Market Prices in Asia

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15 December 2008 - Polyester intermediate prices continued rising in the last seven days in Asia, being supported by a recent fall in production and by a rebound in crude oil and paraxylene prices in the last week. Demand from China's polyester industry is also improving, as fiber producers are accumulating stocks ahead of China's lunar year holidays. Polyester chip and PSF prices slightly rose over the last days in China. Demand from downward textile industry remains extremely weak, however.

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