Polyester Intermediate Market Prices in Asia

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12 January 2009 - Crude oil prices began falling in the second part of the past week as a clear sign that prices will not further increase in the polyester pipeline. Demand from the China's textile industry being very weak ahead of the Spring Festival, there is no potential rise in prices in sight before February. Intermediate producers are tempted raising their operating rates in addition, putting some permanent pressure on PTA and MEG market prices.

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