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Then PET prices dropped after a sharp decrease in prices of feedstocks paraxylene and ethylene glycol. Tokyo, Japan, Oct 21, 2005 - (JCNN) - Nippon Oil has joined forces with Mitsubishi Gas Chemical in the paraxylene business in its efforts to boost petrochemical production. However, market conditions for PET producers are expected to continue to be poor as the industry absorbs new capacity and manages volatile raw materials costs specifically, paraxylene in the near term. |
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