Spot monomer prices in Asia have moved up this week despite the persistent declines in crude oil prices tanking crude oil to US$73/barrel this week, as per Chemorbis. This discrepancy in direction of upstream markets has generated confusion among polymer buyers, as most buyers elect to remain on the sidelines for the present in hopes that a clearer picture of the market direction will emerge over the next few days.
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Saturday, August 28, 2010
Contrary to oil prices dips, Asian monomers firm
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