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Asian PTA trends hit 20-month low on May 4

05
Jun '12
PTA prices in Asia breached the psychological mark of US $1,000 per ton during trading hours on Monday.

This is the first time in 20 months that PTA prices have fallen below the level of $1,000 per ton.

However, by closing time, Asian PTA prices had recovered and closed at $1,005 per ton.

PTA producers are very likely to cut operating capacities, following the sharp fall in PTA trends in recent days.

Fibre2fashion News Desk - India


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