PSF Highlights from 01-15, Nov 2009
Polyester prices went up sharply in the Asian market, in line with a rebound in raw material costs. During the first half polyester staple fibre prices softened at first but then went firm in the Chinese domestic market. Polyester prices began more strongly rising in India, mainly due to a rebound in demand in the post-holiday period. After price increase during the first half, transaction went into stall during the second half in the Chinese domestic market. Prices remained stable and no price changes are also expected during the rest of the calendar year.
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