Polyester Intermediate Market Prices in Asia

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5 January 2009 - Polyester intermediate prices began declining in the last week in Asia, reflecting a low level in demand and a surprising fall of paraxylene prices. The recent rebound in prices in the polyester pipeline has apparently ended. Although a series of Asian producers have shut down facilities, new production lines are expected coming on stream this year, especially in China. This should maintain prices at their currently low level.

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