23 December 2011 23:59 [Source: ICIS news]
LONDON (ICIS)--November and December purified terephthalic acid (PTA) prices could drop by €107/tonne ($139/tonne), following upstream paraxylene (PX) decreases, sources said on Friday.
The November price has been brought down by €50/tonne to €935–957/tonne FD (free delivered) NWE (northwest Europe), tracing the €70/tonne drop in PX values.
December PTA is likely to see a reduction of €47/tonne, pending confirmation of traditional calculations being used.
“Around €900/tonne is about right [for December],” one downstream polyethylene terephthalate (PET) producer said.
Artlant PTA’s 700,000 tonne/year PTA plant in Sines, Portugal, will have saleable product between the end of January and early February 2012, a company source confirmed. The plant is in production mode, and feedstock is on site.
($1 = €0.77)
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