Europe June DMT reference price falls in line with upstream PX

15 June 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European June dimethyl terephthalate (DMT) reference prices fell by €74/tonne ($94/tonne) from May to €963-1,004/tonne on Friday, in line with upstream paraxylene (PX), according to an assessment by ICIS.

The European June PX contract settled at €1,090/tonne FD (free delivered) NWE (northwest Europe), down by €120/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 FD NWE basis.

($1 = €0.79)

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By: Caroline Murray
44208 652 3214

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