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)
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