Europe January DMT up by €70/tonne on upstream hikes

14 January 2011 23:59  [Source: ICIS news]

VALENCIA, Spain (ICIS news)--European January dimethyl terephthalate (DMT) reference prices rose on Friday by €70/tonne ($93/tonne) to €987-1,028/tonne in line with upstream paraxylene (PX) and methanol price increases.

The DMT price was agreed on a FD (free delivered) NWE (northwest Europe) basis.

Paraxylene soared to €1,120/tonne in January, up €90/tonne from December.

First-quarter methanol was announced at an increase of €38/tonne to €315/tonne FOB (free on board) Rotterdam.

($1 = €0.75)

For more on DMT visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect

By: Caroline Murray
44208 652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly