11 June 2010 23:59 [Source: ICIS news]
LONDON (ICIS news)--European June dimethyl terephthalate (DMT) reference prices on Friday decreased by €22/tonne ($27/tonne) from May in line with upstream paraxylene (PX) movements.
June DMT settled at €804-845/tonne FD (free delivered) NWE (northwest ?xml:namespace>
This was the first decrease since March when reference prices slipped by €3/tonne to €774-815/tonne. Since then they rose by €52/tonne, based on calculations made with monthly PX and quarterly prices from DMT’s other feedstock, methanol.
The June PX contract price was agreed at €835/tonne FD NWE, €35/tonne down from May, while methanol rose by €15/tonne to €250/tonne FOB (free on board)
($1 = €0.83)
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