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Paraxylene Highlights from 01-15, Nov 2009

In the last fortnight price of Paraxylene increased due to availability crunch mainly attributed by the poor operational rate by the manufacturers. Majority of the manufacturers blamed higher Crude Oil and Naphtha prices for reduction in their operational rate. In the second half of the last fortnight Paraxylene price increased mainly due to firm energy price and optimistic downstream market. Buying interest for Paraxylene was increased as speculators find higher returns here due to robust energy market.

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