Europe November DMT reference prices rise by €76/tonne

05 November 2010 23:59  [Source: ICIS news]

ALICANTE, Spain (ICIS)--European November dimethyl terephthalate (DMT) reference prices rose by €76/tonne ($109/tonne) from October in line with the €123/tonne upstream paraxylene (PX) price increase, market sources said on Friday.

November DMT settled at €854-895/tonne FD (free delivered) NWE (northwest Europe). 

PX soared to €928/tonne FD NWE in November, up from October’s €805/tonne FD NWE.

Fourth-quarter methanol, DMT’s other feedstock, was announced at an increase of €22/tonne to €277/tonne FOB (free on board) Rotterdam.

($1 = €0.70)

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