Thursday, February 10, 2011

Asia’s petrochemical markets expected to come to life as Chinese markets reopen

Asia’s petrochemical markets are expected to come to life as China re-opens for trade, despite the interest rate hike that accompanied its return after a week-long holiday, as per ICIS. Effective Wednnesday, the People’s Bank of China raised its one-year deposit and lending rates by 25 basis points to 3.

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