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Ethylene Highlights from 01-15, Nov 2009

In the last fortnight price of Ethylene increased due to hyper trading activities. S E Asian market was facing supply shortage due to outage at Iranian plant; above all news of outage at Marun Petrochemicals forced them for restless effort to secure their Ethylene stocks. In the second half of the last fortnight buyers turned highly cautious for prior concluding any fresh deal as they were well aware that new production facilities from M E Asia can change the price scenario any time.

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