Europe DMT reference prices roll over for October

12 October 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European October dimethyl terephthalate (DMT) reference prices rolled over on Friday at €1,025-1,066/tonne ($1,331-1,384/tonne) FD (free delivered) NWE (northwest Europe), in line with upstream paraxylene (PX) and methanol prices.

The European October PX contract, a key feedstock for DMT, rolled over from September at €1,190/tonne FD NWE despite earlier indications that an increase may have been possible.

The fourth-quarter contract price for methanol, a secondary feedstock for DMT, also rolled over from the third to the fourth quarter at €340/tonne FOB (free on board) Rotterdam.

($1 = €0.77)

By: Jane Gibson
+44 20 8652 3214

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