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PET Highlights from 15-30, Jun 2009

Polyester chip prices went up during the first half of this last fortnight in Chinese domestic market, pushed by rising PTA/MEG price and good production and sales ratio of downstream polyester filament yarn. On entering into the second half, many sellers held on to materials due to tight supplies and prices went up, but few deals were concluded as players were holding wait-and-see stance towards the market. PET bottle grade prices remained almost stable during the second half.

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