Polyester Intermediate Market Prices in Asia

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19 January 2009 - Prices stayed very firm in the Asian polyester pipeline in the past week, although crude oil prices further slided. The paraxylene and PTA markets are still supported by tight supply after operating rates were reduced in the last two months. The rise in PX prices may however end in the very short term while global glycol suppliers did not increase their February nominations, as reflected in our series of tables and graphs.

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