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I don't want to gloat but I told you so....

CJLRRACC.jpgIt looks like olefins and aromatics prices are on the retreat in Asia as I predicted earlier this month.

I only feel slightly smug because it seems obvious that naphtha was a big driver - and that markets were being talked up by producers desperate to recover monumental Q4 losses.

There will be lots more mini bubbles like this before the crisis is over.

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