Polyester Intermediate Market Prices in Asia

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22 December 2008 - Polyester intermediate prices have now clearly bottomed out in Asia with rises of 5-10% observed in the past seven days. Paraxylene, PTA and MEG prices are obviously boosted by a lower production in Asia and by the absence of a new fall in crude oil futures in New York. Polyester producers try now raising their prices but could be confronted with a very weak demand from textile industry in China and elsewhere.

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