Dimethyl terephthalate Prices, markets & analysis
For clear insight into regional Dimethyl terephthalate markets, you need in-depth price reports direct from those regions.
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Dimethyl terephthalate Europe Transcript
The European DMT report is a weekly report that covers monthly pricing on a free delivered northwest Europe basis.
The prices are taken from a calculation made with upstream paraxylene and quarterly methanol contract prices.
The development of the markets including upstream markets and downstream markets are included in the text within the report.
This is a really timely and effective way to keep up todate with the DMT market.
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Dimethyl terephthalate (DMT) reference prices follow a formula with upstream monthly paraxylene (PX) contracts and, to a lesser degree, the methanol quarterly contract price. This resulted in a small increase from August to September and a decrease in October.
Invista's 150,000 tonne/year DMT plant in Gersthofen, Germany, is no longer producing following the permanent shutdown of its plant at the end of September, a company source confirmed earlier this week.
Competition from purified terephthalic acid (PTA)-based polymers was just too great, and while some DMT customers are sticking to DMT-based products, other are looking to convert. This closure will leave Oxxynova as the only DMT producer in western Europe.
The European PX market continues to take cues from Asia, with delays and failures to settle a monthly number there impinging on domestic contract negotiations. Many expect a further reduction in November, in line with lower Asian spot numbers and weak derivative demand in Europe. This will impact DMT values.
The European methanol contract price for the fourth quarter was confirmed at an increase compared with the third quarter.
Updated to mid-November 2013
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Dimethyl terephthalate.
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ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Dimethyl terephthalate. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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