Europe Sept DMT increases by €40/tonne in line with paraxylene

17 September 2010 23:59  [Source: ICIS news]

LONDON (ICIS)--European September dimethyl terephthalate (DMT) reference prices on Friday increased by €40/tonne ($53/tonne) from August in line with upstream paraxylene (PX) price movements.

September DMT settled at €767-808/tonne FD (free delivered) NWE (northwest Europe), as assessed by ICIS.

The September PX contract price was agreed at €810/tonne FD NWE, up by €65/tonne from August.

Fourth-quarter prices of methanol, DMT’s other feedstock, have not yet settled. Third-quarter methanol prices were agreed at €255/tonne FOB (free on board) Rotterdam.

August DMT prices dropped by €25/tonne from the July range of €752-793/tonne to settle at €727-768/tonne.

($1 = €0.76)

For more on DMT, PX and methanol, visit ICIS chemical intelligence
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By: Caroline Murray
44208 652 3214

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