Europe December DMT falls €193/t from September

05 December 2008 23:59  [Source: ICIS news]

LONDON (ICIS news)--Dimethyl terephthalate (DMT) reference prices in Europe dropped €193/tonne ($247/tonne) from September to December due to upstream decreases, according to global chemical market intelligence service ICIS pricing.

DMT fell by €87/tonne to €609-650/tonne FD (free delivered) NWE (northwest Europe) in November, and the December DMT reference price showed a decline of €47/tonne to €562-603/tonne FD NWE.

The DMT values were in line with the traditional formulas relating to paraxylene (PX).

PX dropped €310/tonne from September to December, landing at €525/tonne FD NWE.

The value of the other key feedstock, methanol, rolled over from the third to the fourth quarter at €295/tonne FOB (free on board) Rotterdam.

($1 = €0.78)

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By: Caroline Howard
+44 20 8652 3214

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