Dimethyl terephthalate Prices, markets & analysis
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Whether you buy or sell Dimethyl terephthalate or related products, you need to know about the prices and the factors driving the prices in the global Dimethyl terephthalate market as they happen.
Dimethyl terephthalate Overview Transcript
Dimethyl terehphatlate has been on a dramatic course of events.
Despite this being a relatively opaque market, ICIS is able to follow price developments, using calculations with upstream paraxylene and methanol.
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Dimethyl terephthalate: Market overview
Updated to Q1 2015
European dimethyl terephthalate (DMT) production is diminishing because of competition from purified terephthalic acid (PTA) and PTA-based polymers.
Oxxynova is now the only DMT producer in western Europe.
DMT reference prices are calculated against upstream monthly paraxylene (PX) and quarterly methanol contracts.
In the upstream sector, European PX prices in Q1 should continue to follow other aromatics, with crude prices the main driver.
European methanol prices appear likely to drift down over the coming quarter, pulled by the much weaker Asia-Pacific markets and the wider global energy losses. Yet with Chinese prices appearing to have bottomed out, and the link between energy and the European methanol market less direct than for most other chemicals, not all sources are convinced there will be significant decreases.
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Dimethyl terephthalate news & analysis
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Dimethyl Terephthalate Methodology
About Dimethyl terephthalate
Dimethyl terephthalate (DMT) are colourless crystals, insoluble in water but soluble in ether and hot ethyl alcohol.
DMT is available in molten (liquid) and flake (solid) forms. In Europe, mainly molten is delivered, with minimal imported quantities of flake material.
DMT is used mainly to produce polyester resins, fibres and films as well as engineering resins. The polyesters produced are used in fibres for the textile industry, the manufacture of food and drink containers such as polyethylene terephthalate (PET) bottles, and films used in photography, computers, audio-visual equipment and packaging.
For film applications, DMT can be preferred due to its adhesion addition quality.
DMT can also be used in engineering resins, such as polybutylene terephthalate (PBT).