Europe December PTA rolls over with upstream PX

20 December 2013 23:59 Source:ICIS News

LONDON (ICIS)--European December purified terephthalic acid (PTA) contract prices rolled over on Friday from November, in line with upstream paraxylene (PX).

The PTA contract price is €836-866/tonne ($1,145-1,186/tonne) FD (free delivered) NWE (northwest Europe), according to ICIS calculations.

The European December PX contract price rolled over to settle at €1,055/tonne.

Despite the intended closure of Lotte Chemical UK’s PTA Wilton facility in the UK, European sellers remain under pressure from low demand and competitive imports on the water, according to commentary this week.

($1 = €0.73)

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By Caroline Murray