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
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections