Europe December DMT increases by €37/tonne in line with PX
04 December 2009 23:59 [Source: ICIS news]
LONDON (ICIS news)--European December dimethyl terephthalate (DMT) reference prices have increased by €37/tonne ($56/tonne) from November after the price of upstream paraxylene (PX) moved up by €60/tonne this month, a market source said on Friday.
December DMT settled at €735-776/tonne FD (free delivered) NWE (northwest Europe), according to data from global chemical market intelligence service ICIS pricing.
The December PX contract price was agreed at €740/tonne FD NWE, up from €680/tonne in November. The other DMT feedstock, methanol, fell by €60/tonne to €223/tonne FOB (free on board) Rotterdam from the third quarter to the fourth quarter.
($1 = €0.66)
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By: Caroline Howard
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