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Ethylene Highlights from 01-15,Nov 2008

In the last fortnight many actual users denied from fresh buying which restrained the bullish sentiment. Sellers were strongly defending their price tag as naphtha and other feedstock price was almost stable at their level. Buyers were in myth that sellers are committing a big mistake; in fact sellers should be thankful that we still buy at this rate at our risk. Sellers kept cool and delayed in accepting bid by revising their target price again.

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