03 August 2010 23:59 [Source: ICIS news]
LONDON (ICIS)--Third quarter contract prices in the European polybutylene terephthalate (PBT) market were up by €0.05-0.10/kg on the low end due to an increase in feedstock butanediol (BDO) prices and continued healthy demand, sources said on Tuesday.
Prices were assessed this week between €2.45-3.45/kg ($3.22-4.54/kg) FD (free delivered) NWE (northwest ?xml:namespace>
Filled grade PBT was assessed at €2.45-2.65/kg, an increase of €0.10/kg from previous levels.
Prices for unfilled grade were pegged at €2.50/kg, up €0.05/kg from second-quarter values.
Flame retardant contract prices for the third quarter were up €0.10/kg at €3.10/kg but unmoved on the high end.
The increase in values had been expected by both buyers and sellers given the current inflated costs of feedstock BDO and the healthy demand from the automotive industry, which is the key downstream market for PBT.
Sources spoke of continued firm demand which has, despite the summer months, remained solid.
“Demand is quite strong and I, personally, don’t expect us to have a slowdown this year,” a trader said.
($1 = €0.76)
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