13 April 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European April dimethyl terephthalate (DMT) reference prices fell on Friday by €34/tonne ($45/tonne) to €1,046-1,087/tonne, in line with upstream paraxylene (PX) and methanol, according to an ICIS assessment.
The European April PX contract settled at €1,225/tonne FD (free delivered) NWE (northwest Europe), down by €43/tonne, after falls in the dominant ?xml:namespace>
The second-quarter contract price for methanol, a secondary feedstock for DMT, is €340/tonne FOB (free on board)
The DMT prices were assessed on a free delivered northwest Europe basis.
($1 = €0.76)
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