Europe Oct DMT falls by €113/tonne in line with feedstock movements

09 October 2009 14:22  [Source: ICIS news]

LONDON (ICIS news)--European October dimethyl terephthalate (DMT) reference prices have fallen by €113/tonne ($166/tonne) from September after falls in prices for feedstocks - paraxylene and methanol, a market source confirmed on Friday.

October DMT settled at €656-697/tonne FD (free delivered) NWE (northwest Europe). This was in line with the traditional formulas relating to its feedstocks.

October PX was agreed at €615/tonne FD NWE, a decrease of €145/tonne from September, while the fourth-quarter methanol price was agreed at €223/tonne FOB (free on board) Rotterdam, down by €60/tonne from the third quarter.

($1 = €0.68)

Truong Mellor contributed to this story

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By: Caroline Howard
+44 20 8652 3214

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