CPL Highlights from 15-30, Sep 2011

In the last fortnight, CPL market declined on the back of poor support from feedstock markets. In the beginning of the first half of the last fortnight CPL price opened with weak sentiment due to weak fundamentals. In Chinese market also, inquiries were scarce and buyers remain sidelined, with pessimistic attitude. In the second half of the last fortnight, market outlook remained faded as buying momentum failed to lift up. To maintain trading volume sellers were forced to reduce the fresh CPL offers for October delivery.

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