Europe PBT Q1 contracts rollover on unchanged fundamentals

22 January 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--European polybutylene terephthalate (PBT) first-quarter contracts have settled at a rollover, compared with the fourth quarter, because of broadly unchanged fundamentals, buyers and sellers confirmed on Tuesday.

Supply and demand are balanced, with consumption remaining weak as a result of poor macroeconomic conditions. Operating rates have been reduced in line with buying interest.

Order book volumes in January are in line with November levels.

First-quarter PBT contract prices finalised at €3.15-3.16/kg FD (free delivered) NWE (northwest Europe) for filled grade material.

($1 = €0.75)

By: Mark Victory
+44 208 652 3214

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