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Latin American currencies rebound may help stabilise chems

Focus Latin American currencies rebound may help stabilise chems

HOUSTON (ICIS)--A small recovery in Latin American currency values against the US dollar may help importers of plastics resins gain more purchasing stability after plunges in March thwarted business activity and kept some plastics processors from being able to obtain raw material.

Market participants now hope for a more stable environment that will give more confidence to business transactions.

Recent value gains of Latin American currencies may signal that the trading market is stabilising, Mark Jones, Joseph D Jamail Chair in Latin American Studies at Rice University, said in an interview with ICIS.

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