Europe May DMT price falls in line with upstream paraxylene

11 May 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European May dimethyl terephthalate (DMT) reference prices fell by €9/tonne ($12/tonne) on Friday to €1,037-1,078/tonne, in line with upstream paraxylene (PX), according to an assessment by ICIS.

The European May PX contract settled at €1,210/tonne FD (free delivered) NWE (northwest Europe), down by €15/tonne, after falls in the dominant Asia market.

The second-quarter contract price for methanol, a secondary feedstock for DMT, is €340/tonne FOB (free on board) Rotterdam, up by €20/tonne from the first quarter.

The DMT prices were assessed on a free delivered northwest Europe basis.

($1 = €0.77)

Follow Caroline Murray on Twitter

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