Europe second-quarter PBT settles up €0.20-0.30/kg on strong demand

19 April 2011 23:59  [Source: ICIS news]

LONDON (ICIS)--Second-quarter polybutylene terephthalate (PBT) contract prices in Europe settled at an increase of €0.20-0.30/kg ($0.29-0.43/kg) from the first quarter, because of increased raw material costs and strong demand, market sources said on Tuesday.

All three grades were assessed within the range of €2.95-4.05/kg FD (free delivered) NWE (northwest Europe).

Filled-grade PBT settled at €2.95-3.00/kg, unfilled-grade was assessed at €3.00-3.05/kg, while flame retardant grade increased by €0.30/kg to settle at its highest ever level at €3.85-4.05/kg. Availability of flame retardant and its raw materials remains tight.

Feedstock butanediol (BDO) second-quarter contracts settled at an increase of €200/tonne to reach a record high of €2,050-2,100/tonne FD NWE because of healthy demand and limited availability.

“The costs of raw materials are putting pressure on the market. We have been promised quantities, but we are being asked to adjust our paying prices,” a buyer said.

PBT is a strong and highly crystalline synthetic resin, similar in structure to polyethylene terephthalate (PET).

Either unmodified or reinforced with glass fibres or mineral fillers, PBT is used in numerous applications, especially electrical and small machine parts, owing to its excellent electrical resistance, surface finish, and toughness.

($1 = €0.70)

For more on DMT and BDO, visit ICIS chemical intelligence

By: Helena Strathearn
+44 208 652 3214

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