30 April 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European polybutylene terephthalate (PBT) second-quarter contract prices have finalised at a rollover compared with the first quarter, buyers and sellers confirmed on Tuesday.
Stable prices were the result of broadly unchanged fundamentals.
Weak demand from the downstream automotive sector – because of poor macroeconomic conditions – is being counterbalanced by offtake from the electrical sector.
Although upstream, European butanediol (BDO) contract prices increased by €10/tonne ($13/tonne) on average for the second quarter, this was not enough to influence PBT Q2 discussions.
Filled PBT second-quarter contracts settled at a pre-discounted level of €3.15-3.16/kg FD (free delivered) NWE (northwest Europe).
($1 = €0.76)
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